This is a time of great anxiety for workers and businesses. Lambeth council will do all in our power to help you through this.
Which is why we’ve launched Lambeth’s Local Economy Support Package. We’re giving rent relief to over 300 of our commercial tenants, making over £50m of grant payments, and freezing commercial waste payments for businesses forced to close. And we’re now developing new measures in partnership with business groups across the borough.
We’re determined to keep Lambeth’s business community vibrant and resilient, by being on the side of our local businesses their employees and those who are self-employed.
How we’re responding as a council
We have launched a comprehensive economic package to help businesses, voluntary and community sector (VCS) groups and the borough’s residents cope with the COVID-19 pandemic. Our Local Economy Support Package is designed to offer relief and certainty at a time of unprecedented change.
To find out about the support available click on the drop-down tabs below.
If you have any queries please email email@example.com.
Table and chairs license
A pavement licence is a temporary measure to allow you to place removable furniture on the pavement outside your business in order to sell or serve food or drink, or to be used by people for the consumption of food or drink.
Risk assessments and reopening
Local Economy Hardship Fund
Business rates relief and grants
Amended bills detailing the 100% Retail Rate Relief were issued on Friday 20 March to all eligible businesses who were in occupation of their property on or before 11th March 2020.
Cash grants are no longer available.
Rent relief for commercial council tenants
The 3-month rent relief period has now finished.
Further support is being assessed on a case by case basis. The Council can change quarterly payments to monthly payments and, where needed, agree deferred payment plans. Council tenants should apply to Sanderson Weatherall to discuss the options. Please refer to your rent demand or tenants handbook for contact details.
Business interruption loan scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. The scheme provides the lender with a government-backed guarantee, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.
- Up to £5m facility: The maximum value of a facility provided under the scheme will be £5m, available on repayment terms of up to six years.
- 80% guarantee: The scheme provides the lender with a government-backed, partial guarantee (80%) against the outstanding facility balance, subject to an overall cap per lender.
- No guarantee fee for SMEs to access the scheme: No fee for smaller businesses. Lenders will pay a fee to access the scheme.
- Interest and fees paid by Government for 12 months: The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will benefit from no upfront costs and lower initial repayments.
- Finance terms: Finance terms are up to six years for term loans and asset finance facilities. For overdrafts and invoice finance facilities, terms will be up to three years.
- Security: At the discretion of the lender, the scheme may be used for unsecured lending for facilities of £250,000 and under. For facilities above £250,000, the lender must establish a lack or absence of security prior to businesses using CBILS. If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so.
- The borrower always remains 100% liable for the debt.
The scheme will be delivered through commercial lenders, backed by the government-owned British Business Bank. There are 40 accredited lenders able to offer the scheme, including all major banks.
Support for the creative and night-time economy
Other cashflow and lending support
Temporary modifications to construction site working hours
To find out more about how to apply for a temporary variation of construction site hours, please read our guidance notes on the submit a planning application page.
Freeze commercial waste collections
We're still providing a full commercial waste collection service to all our customers that need it. However, we know that many businesses have been forced to close or are no longer operating as a result of coronavirus.
To support our business community, we've agreed that businesses can ask to freeze their commercial waste agreements until they're able to operate again.
If you want to freeze your current agreement, please do not cancel your direct debit.
Instead, email firstname.lastname@example.org to tell us that you're no longer operating. Please include the following information:
- Name of business
- Contact name
- Contact details (telephone/ email address)
- Site Address
- Agreement number/ Account number
- A signed letter on business letterhead to evidence that you have suspended trading due to coronavirus. Please include the date you stopped trading in this letter (this should be no earlier than 23 March 2020)
If your business is still trading, you can't freeze your commercial waste collections, otherwise you'll be failing your duty of care.
For questions about the balance on your account, email our team at email@example.com.
Your insurer will be able to advise you on whether your policy includes cover for business interruption and whether disease outbreaks, like coronavirus, are included in your policy.
Other support for businesses
Facebook has set up a £5 million grant fund for small business in London that have been badly hit by the impact of the pandemic. They are inviting application for from companies with two to 50 employees that have been operational for at least a year. Applications shut on 1 October 2020 at 5pm. You can read more about this and apply here
Help is available for those who are ineligible for Statutory Sick Pay, such as the self-employed, to access benefits more quickly if they have to self-isolate. Find out more about the support on the GOV.UK website.
A new telephone helpline to support businesses and self-employed people who are concerned about paying their tax due to coronavirus. Contact the HMRC helpline on 0800 0159 559.
Find out more about the support on the GOV.UK website.
Other useful links
London-specific advice and support for businesses is available through the new London Business Hub. This is replacing the GLA's London Growth Hub and offers a wider array of support measures, such as supporting SMEs to access funding and help with property negotiations.
The Federation of Small Businesses has published guidance on what you can do to protect your business and your employees.
A toolkit to support businesses to implement remote working
A checklist for preparing your business for Coronavirus