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Ben R No Comments

During these tough and uncertain times, the majority of small business owners across the UK were looking forward to a small business grant as a lifeline to keep going. However, a loophole in the system means thousands of businesses in free-fall have fallen through the safety net. With little time and money left for businesses would now be a bad time to help? The Government petition is gathering momentum and we need your help to open talks to save small businesses.

What is the loophole?

If you occupy a serviced office space like the many tenants in our Highstone House offices. Rates are included (bundled into the serviced package.) Therefore, you are not eligible for Covid-19 help.

Office expert Jonathan Ratcliffe from Offices.co.uk  “Put simply, if you don’t have a business rates account for your business with your local authority you get nothing. It’s a very unfair situation.”

Money Businesses are missing out on:

The figures have been sorted into regions:

Leeds – 3% of all small businesses in 108 serviced offices = £54m
Birmingham – 5% of all small businesses in 123 serviced offices = £61m
Manchester – 4% of all small businesses in 188 serviced offices = £94m
Bristol – 5% of all small businesses in 115 serviced offices = £57m
Nottingham – 5% of all small businesses in 80 serviced offices = £40m
Sheffield – 5% of all small businesses in 59 serviced offices = £30m
Milton Keynes – 5% of all small businesses in 37 serviced offices = £18m
Newcastle – 5% of all small businesses in 59 serviced offices = £30m
Liverpool – 6% of all small businesses in 70 serviced offices = £35m
Brighton – 5% of all small businesses in 36 serviced offices = £18m
Northampton – 5% of all small businesses in 37 serviced offices = £18.5m
Cardiff – 3% of all small businesses in 41 serviced offices = £20.5m
Oxford – 2% of all small businesses in 33 serviced offices = £16.5m
Cambridge – 3% of all small businesses in 42 serviced offices = £21m

How can we help?

You can help support struggling small businesses in 3 simple steps that take almost 1 minute:

  1. Click the link here
  2. Click “sign this petition” and fill in your details.
  3. Confirm your signature via an email that will be sent.

Also …

If you are a tenant of a shared property I encourage you to also email your local MP.  A template email is available here. Covid-19 small business help template 

Source: offices.co.uk