Just received the following update, outlining support for Birmingham businesses affected by the riots:
(Apologies for the formatting)
“20th September 2011
BULLETIN 5 – SUPPORT FOR BIRMINGHAM BUSINESSES AFFECTED BY THE DISTURBANCES
Please note that time is now running out for applications for support via the High street Support Scheme. Please act quickly.
We can now announce some further assistance that businesses can apply for through the High Street Support Scheme:
Security Improvement Scheme (SIS) Grant
The Security improvement Scheme (SIS) is open to any small medium sized enterprise (SME) business based within the areas that were affected by civil disorder after 6th August 2011: City Centre, Aston, Newtown, Handsworth, Lozells, Perry Barr and Winson Green
The criteria to meet to be classed as an SME are:
- Fewer than 250 employees worldwide
- Turnover below £ 11.2 million per annum
- Must be independent (or franchise)
The SIS grant is specifically to assist towards project costs for new or upgraded:
– Alarm Systems
– Other relevant security measures
The level of grant funding awarded is 75% of eligible project expenditure up to a maximum of £5,000. To receive the maximum allowable grant, therefore, project costs should total at least £6,125.
Grant payments are issued as a reimbursement of eligible expenditure by the business and will only be paid on production of relevant evidence. Therefore all approved grants MUST be spent and claimed by the 28th October 2011.
Application forms for this scheme can be found on our website via www.birmingham.gov.uk/businessrecovery and applications must be submitted by 14th October 2011.
Business Recovery Advice Initiative
Again, this initiative is open to any SME businesses in the areas listed above for the SIS grant.
We are organising 4 drop-in sessions which businesses can attend to gain advice from specialist business advisors on business plans, marketing strategies and access to finance with a view to developing a strategy to recover from the effects of the disturbances. Businesses can then decide whether they want to benefit from up to 2 days worth of further input from an advisor on a one-to-one basis to fully develop a plan.
The drop-in sessions are as follows:
Monday 3rd October Handsworth Community Fire Station 2pm-7pm
41 Rookery Road, Handsworth, Birmingham,
Tuesday 4th October ACRC 2pm-7pm
339 Dudley Road, Winson Green,
Wednesday 5th October Venue in Aston to be confirmed* 2pm-7pm
Thursday 6th October Ibis Arcadian Hotel, Ladywell Walk 2pm-7pm
*once confirmed, we will publish the venue on our web page and through Bulletin 6
We are still accepting applications for the Financial Recovery Fund, which now has a new element to it.
To be eligible for this grant, businesses must carry insurance. Losses relating to damage & looting which are not covered by insurance (including insurance excess) can be claimed, along with exceptional business costs directly related to the disturbances.
New element: where a business is experiencing delays in receiving payment from insurers and is struggling to manage its cash flow, consideration will be given to offering a one-off grant to help the business to continue trading whilst waiting for a settlement. The business case for this request will need to be set out in the application form and related evidence (e.g. recent bank account showing cash position & overdraft facility). Those who have already applied for support under this scheme do not need to re-apply, but will need to submit the business case and supporting evidence to apply for this grant.”