This Week's News - Govt. to protect small businesses | New Job retention guidance | HCC Webinars | Peer Networks | Adapt & strengthen your business workshop | Business recovery webinar
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Dacorum Borough Council Business Update provides you with regular updates on business related information and guidance. 


If you would like more specific advice or help shaping your business to be in the best possible place to recover and grow as life gets back to normal, then feel free to contact the Economic Development Team on business@dacorum.gov.uk or call us on 01442 531002.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Consultation launched aimed at giving Small Business Commissioner more power to support businesses and resolve late payment issues.

The proposed new powers include ordering businesses to pay in good time and issuing fines if they do not, ordering companies to share information on payment practices and the power to launch investigations.

£23.4 billion worth of late payments are currently owed to small businesses in the UK, impacting on cash flow and threatening the survival of small firms during the COVID-19 pandemic.

See here for more details.
 
 
 
 
 
 
 
 
 
 
 
 
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The new guidance sets out the information employers who have furloughed employees need to know in order to claim the bonus. The Job Retention Bonus is a £1,000 one-off taxable payment to employers for each eligible employee that they furloughed and kept continuously employed until 31 January 2021. The bonus will work alongside the Job Support Scheme.

Who can claim
  • Employers can claim the bonus if have furloughed employees and made an eligible claim for them through the Coronavirus Job Retention Scheme. Employees must have been eligible for the Coronavirus Job Retention Scheme grant for employers to be eligible for the bonus.
  • Employers can still claim the bonus if they make a claim for that employee through the Job Support Scheme. Guidance on the Job Support Scheme will be published soon.
The bonus will be able to be claimed between 15 February 2021 and 31 March 2021, employers do not have to pay the bonus to their employees.
 
 
 
 
 
 
 
 
 
 
 
 
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Updates to Coronavirus Job Retention Scheme Guidance

The last day businesses can submit claims for periods ending on or before 30 October 2020 is 30 November 2020. After this date you will not be able to submit any further claims or add to existing claims.
 
 
 
 
 
 
 
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Peer Networks is a national peer-to-peer networking programme, delivered locally by Hertfordshire Growth Hub delivered by Hertfordshire Chamber of Commerce, one of the 3 Hertfordshire Growth Hub Consortium Partners. The Programme is aimed at SME leaders that want to grow and develop their organisation for future success.
Businesses can express their interest in joining this scheme by following these steps:
 
1)Register or login on the Hertfordshire Growth Hub website, verify your account and sign in and ensure that you complete the short business diagnostic.

2)Following this, you'll need to visit the website 'Marketplace' and select 'Funded Support' and select the 'Peer Networks' listing (on the second page)  

3)Complete the short contact form on the right of the page. This will go straight to the programme organiser who will then be in touch. 
 
These short videos helpful Registering on the website and How to complete your diagnostic.
 
 
 
 
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2-Part Workshop 14th and 21st October 2020
  • Do you need to adapt the way in which you deliver your service or sell your products?
  • Have you adapted your offering and now need to strengthen your business model?
  • Are you looking to improve your competitive advantage and identify risks to your business?
COVID-19 has imposed significant challenges on businesses, forcing them to adapt quickly and make significant changes. If you're a Hertfordshire-based SME with 10 or more employees, join us for an interactive digital workshop that covers how can you make changes, visualise and access them using the tried and tested management planning tool "The Business Model Canvas".
This workshop consists of two 1.5-hour sessions delivered virtually via Zoom on Wednesday 14th and Wednesday 21st October at 11am. Delegates need to be able to attend both sessions. 
Click here for details and bookings
 
 
 
 
 
 
 
 
 
 
 
 
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Find out about the latest inbound and domestic research and insights

Wondering what the latest data and trends show us about tourism in England/to the UK in the months ahead?

Keen to find out how this might impact your business?

Join them to discuss the latest data dashboards and consumer sentiment. 

Free Webinar Thursday 15th October
11-12.30pm.

See here for more details and to sign up.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stay in Touch

You can also keep up to date with us on Facebook, LinkedIn and Twitter.

The Economic Development Team are available for free business advice & guidance.  Please feel free to call us on 01442 531002 or email business@dacorum.gov.uk
 
 
 
 
 
 
 
Regards,
Dacorum Borough Council's Economic Development Team
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