COVID 19 Government Assistance to Businesses
In light of the messages from the British government regarding the coronavirus (Covid-19), CWG Choices have decided to close their manufacturing and distribution operations for the time being, as of close of business Friday 27th March.
Dear CWG valued customer partner
During these most challenging times, I know you will be prioritizing the safety of your families and employees. During the downtime it's also important to plan both for the 're-start' and future of our businesses, the nature of which will impact our industry and ultimately the UK economy as a whole.
At CWG it is stated within our vision that 'we will work harder for customers to grow their business by supporting them with innovative products, presentation materials and digital support…', to that end we have complied a summary of the financial support available for businesses to date and links reference government assistance connected to the COVID19 crisis.
Not all schemes and therefore support will be available to all businesses but please do take some time to read and follow through the applicable links to your business, below.
It is incredibly important to support your own business, your key supply partners and the economy, by satisfying invoices that have become due. Indeed, the Double Glazing Blogger wrote a frank summary of how we should support each other, our industry and the economy as a whole by satisfying due invoices. https://www.doubleglazingblogger.com/2020/04/cash-flow-in-fenestration-is-grinding-to-a-halt : CWG certainly shares his sentiment and we have satisfied all due invoices during this crisis. This ensures you, our valued customer partner, will be fully supported following this period of isolation.
Finally, despite temporarily closing our manufacturing and distribution operations and to further support you, we have remained open for sales enquiries and order processing for both PVCu and Aluminium windows and doors. We have done this to enable you to make best use of the isolation period and ultimately to go some way to achieving a quick 'start up' post isolation and make best use of the 'get go' demand.
I hope you find the summary of support useful below.
Best wishes to you and family, stay safe.
15 April 2020
|After Sales Service
- Coronavirus Job Retention Scheme where all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees' salary for those who would otherwise have been laid off during this crisis 'furlough'. ICAEW guidance | Update to guidance (6 April)M
- Sole directors and the Coronavirus Job Retention Scheme – how the government's furlough scheme applies to owner-managed limited companies. Find out more
- VAT deferral for payments due up to 30 June. Find out more: Government guidance | ICAEW guidance
- Time to Pay – all businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC's Time to Pay Service. Find out more: Government guidance | ICAEW guidance
- Changes to insolvency rules to help companies trade – announcement that changes will be made to enable UK companies undergoing a rescue or restructure to continue trading, helping them avoid insolvency. Government guidance | ICAEW guidance
- Self-employment Income Support Scheme – will provide grants to self-employed individuals or partnerships negatively impacted by COVID-19, worth 80% of their profits up to a cap of £2,500 per month. Find out more.
- Deferral of Self-Assessment payment – the self-assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020, may now be deferred until January 2021. Find out more.
- Small Business Grant Funding for small businesses in England that already pay little or no business rates because of small business rate relief, rural rate relief and tapered relief. Find out more.
Small and medium businesses
- Coronavirus Business Interruption Loan Scheme - Revised which will help businesses affected to access bank lending and overdrafts if they need to. For loans up to £5 million, the Government is providing a guarantee for each loan. Find out more.
- Statutory Sick Pay Rebate to allow small and medium-sized businesses to reclaim Statutory Sick Pay paid for staff absence due to coronavirus. Find out more.
- Business Rates Holiday for Retail, Hospitality and Leisure sectors in England for the 2020-21 tax year. Find out more.
- Up to £25,000 per property Cash Grant for Retail in England. Find out more.