BID member update: 22nd June
UK Government provides further halt to business evictions and more support for high street firms
A new code provides support to shops and local firms planning their future recovery with their landlord.
- The UK government has extended measures to prevent struggling companies from eviction over the summer.
- A new code of practice has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice so that all parties are supported.
- The Coronavirus Act will extend the time period for suspension of the forfeiture of evictions from June 30 to September 30, meaning no business will be forced out of their premises if they a miss a payment in the next three months.
- Secondary legislation to prevent landlords using Commercial Rent Arrears Recovery unless they are owed 189 days of unpaid rent. The time period for which this measure is in force will be extended from June 30 to September 30.
- An amendment to the Corporate Insolvency and Governance Bill has been tabled which will extend the temporary ban on the use of statutory demands and winding-up petitions where a company cannot pay its bills due to coronavirus until 30 September. Find out more here.
New tool to help businesses identify whether they can reopen safely
The UK Government has developed a tool to help businesses in England to reopen safely during coronavirus. This tool encourages businesses to carry out a risk assessment and helps to identify the workplace adjustments that they should make. Employers have the legal responsibility to protect their employees and other people on site, such as customers and visitors. This tool will help businesses to easily find out what they should do. Employees can also use this tool to check what their workplace needs to do to keep people safe. The tool can be found here.
The LastMinuteLocal app enables local customers to search for real-time discounted offers for products or services from their local High Street retailers such as women’s fashion shops, kitchenwares, restaurants, hairdressers and more so they can save time and money by heading straight to those retailers offering the best deals on the products or services they want. They can also receive real-time text alerts for new offers the moment they become available.
At the BID, we are working with the founders to hopefully help businesses reach a much wider market – and it will be free for BID members. They have also signed up with Zedify, so local deliveries are green and sustainable. It would be great to hear your thoughts on this new service – please find a questionnaire here: https://dan649191.typeform.com/to/Jtr2jf and further details attached.