There has been a significant impact on local businesses over the last year due to closures imposed under covid-19 lockdown rules. This has accelerated an existing trend away from high street shopping to on-line purchasing (32.5% of sales are now on-line). Weybridge has 25 empty retail units and both Santander and Barclays banks have recently announced that they are closing their Weybridge branches.
Elmbridge Borough Council has been administering grants to businesses to cover the time they have been mandated to close. Discretionary grants have been paid to those not mandated to close but who have suffered a large downturn in trade and up to £9000 one-off payments were given in January to retail, leisure and hospitality businesses forced to close in the third lockdown.
The government’s Budget continued both the furlough scheme and the reduced rate of VAT for tourism and hospitality businesses until September, while extending the business rates holiday for three months.
As we emerge slowly from lockdown constraints, the Council will be looking to further support businesses from its own funds. £2000 per business will be available to improve shopfronts and signage and £1000 to support improved footfall or sustainability. Further support is available in the form of a grant of up to £2000 to bring shops that have been empty for over 3 months back into commercial use.
32 independent retailers in Elmbridge have already benefited from a grant of up to £1500 from the Elmbridge Digital High Street Fund to help them convert to selling on-line and 82 start-up awards have been made so far to provide £1000 to set up new businesses.
Further discretionary grants are in the pipeline. Currently there is no detail on these but the following links can be used to check on progress of these grants.
- Elmbridge discretionary grant for business rate payers
- Elmbridge discretionary grant for businesses who do not pay business rates