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Chamber News & Blog

Important announcements from the Chamber, our members, local Councils and other relevant business news will be posted regularly here.

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  • 26 March 2020 11:22 AM | Lauren Martin-Grieveson (Administrator)

    Care for Veterans Receives Generous Grant from RAF Benevolent Fund 

    The RAF Benevolent Fund has awarded a grant of £20,000 to Worthing-based charity, Care for Veterans, towards mixed rehabilitation for RAF veterans and their dependants throughout 2020. 
     
    The RAF Benevolent Fund is the RAF's leading welfare charity. It provides support for all serving and former members of the RAF as well as their partners and dependent children.
     
    Care for Veterans provides residential nursing care and rehabilitation to physically disabled ex-Service personnel, including those who have served in the RAF. This generous donation from the RAF Benevolent Fund will pay for therapy sessions such a physiotherapy, occupational therapy, speech and language therapy, social and recreation sessions, and neuropsychology for RAF veterans like Tony Walker. 
     
    Tony Walker was born in Worthing in 1933 and lived in the town all his life. He was a young boy when the Second World War began, but still remembers hearing the air raid sirens. He explained: “We came up from the shelter, and buildings that used to be there just weren’t there anymore!” Tony’s stepfather served in the Army during the War and spent time in a Japanese prisoner of war camp after being captured on the Burma Railway. Tony said: “He found it very difficult when he returned home, and never spoke about his experience over there.”
     
    Tony started his National Service in the RAF when he was 18 years old. His first posting was at RAF Padgate, then he moved to RAF Hendersford for his ‘square-bashing’ (marching drills and other military exercises). After National Service, he went back to complete his carpentry apprenticeship and worked as a carpenter until his retirement.
     
    Tony moved to live at Care for Veterans in March 2019. He was diagnosed with Parkinson’s seven years ago, and as he explained: “It just started with small shakes that didn’t really affect me. It was while I was caring for my wife that things got worse, and I found I couldn’t do as many things as I used to.”           
     
    Since being at Care for Veterans, Tony has been on day trips which have helped to build his confidence and really bring him out of his shell. He’s always up for a challenge and was thrilled to take part in the Worthing 10K this year, being pushed around the course in his wheelchair by some Care for Veterans’ supporters. He was part of a 100-strong team flying the centenary flag for the charity.
     
    Tony has regular physiotherapy sessions, he’s extremely focused, and even studies the theory behind his practice. When he arrived at Care for Veterans, he could walk with a Zimmer frame, but his steps were irregular, unstable and he rushed along – often with the frame too far ahead. With poor dynamic balance and muscle co-ordination, Tony was at high risk of falling. He has made impressive progress since and is now able to walk 50 meters. Tony’s gait has really improved, and he’s learnt to co-ordinate his walking rhythm with the Zimmer frame.  He does this by saying out loud: “frame ... step … frame … step.” 
     
    Tony is highly motivated, and always proud when he achieves a therapeutic goal. He said: “It’s good to put yourself through the gym, see if you can do it, keep yourself moving. When I first got to Care for Veterans, I was feeling a bit sorry for myself. Then I met a guy who was less able than me, and I thought, why am I complaining? You’ve got to make the best of it, haven’t you?”


  • 26 March 2020 11:04 AM | Lauren Martin-Grieveson (Administrator)

    Call for businesses to help make NHS Ventilators

    The government is looking for businesses who can support in the supply of ventilators and ventilator components across the UK as part of the response to COVID-19.

    As well as manufacturers, they are looking for businesses with the following skills:

    • design/specification
    • rapid prototyping
    • contract/product assembly
    • certification/regulation/testing
    • logistics
    • medical training
    If you think your business can help, please register your details

    For more information click here

  • 25 March 2020 12:30 PM | Lauren Martin-Grieveson (Administrator)

    Coronavirus Business Interruption Loan

    A Government guarantee scheme available to business customers with a short to mid-term funding need due to the Covid-19 pandemic

    Key features

    • Minimum amount £25,001 – maximum £5,000,000
    • Terms from 1 to 6 years
    • The Government provides Barclays with a guarantee for 80% of the loan, however, you are responsible for repaying 100% of the facility
    • A Business Interruption Payment (BIP) will be paid by the Government to Barclays covering interest plus arrangement and security fees for the first 12 months.
    • After the first 12 months, interest at an agreed margin over the Bank of England Bank Rate** will be payable.
    • A capital repayment holiday can be requested (subject to application) at the start of the loan or mid-term.
    • Monthly capital repayments will be payable at all other times.
    • Repay the loan early in full or in part, without incurring prepayment fees. For fixed rate loans, breakage costs will be charged for prepayments after the first 12 months.

    To assist customers during this unprecedented time, each business will be assessed on their individual circumstances to ensure that they are offered an appropriate lending facility. Pricing will be consistent for all customers and not based on an assessment of risk.

    A funding solution with flexible terms

    Loans between £25,001 to £5,000,000 with terms up to 6 years are available, enabling you to select the optimum level of repayments to suit your business needs.

    Loan repayments will be debited monthly by Direct Debit. Capital and interest will be calculated separately but collected in one monthly repayment. After the first 12 months, interest will continue to be payable during any capital repayment holiday.

    Important information

    *The Government guarantee is for 80% of the loan amount. You are responsible for repayment of 100% of the facility, not just the 20% outside the coverage of the Government guarantee. In the event of your default, we will follow our standard commercial recovery procedures, including the realisation of security, including personal guarantees, if applicable, before we make a claim on the Government guarantee. The provision of this guarantee scheme should not be construed as an endorsement or warranty of Barclays by the Government of the UK, including the Secretary of State.

    This loan is partially guaranteed* by the Government, enabling us to offer loans (subject to application, eligibility and status) to businesses that would not ordinarily be eligible for bank funding due to a lack of sufficient financial security.

    The loan may be used for a wide range of business needs, from buying assets to providing funding for working capital, subject to certain restrictions.

    For full information click here to view the Barclay's Bank fact sheet.


  • 24 March 2020 2:33 PM | Lauren Martin-Grieveson (Administrator)

    Self protection and radical self care coaching tools to equip yourself in times of crisis

    Chamber member, Sandra Crathern and Roberta Pagliarulo are two passionate Coaches who want to offer our contribution to the community , sharing their stories of resilience, self care and self protection, in order to support the participants emotionally, physically and mentally to help overcome this time of crisis.

    During the complimentary webinar, they will use examples of their lives, when they overcame their own challenges, as well as useful practical tips to help people regain balance during this turbulent time.

    Join them on  Sunday the 5th April, 10am until 11.30am

    please  contact sandra@innavision.co.uk , to make a pre-registration to obtain the zoom link to connect.

    We only have 20 available spaces in order to focus on participants with care and attention.


  • 24 March 2020 1:23 PM | Lauren Martin-Grieveson (Administrator)

    Support for businesses through the Coronavirus Job Retention Scheme

    Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.

    Eligibility
    All UK businesses are eligible.

    How to access the scheme

    You will need to:

    • designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation
    • submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required)

    HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month per employee. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers. We are waiting for further information. 

    If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan.

    Support for businesses through deferring VAT and Income Tax payments

    We will support businesses by deferring Valued Added Tax (VAT) payments for 3 months. If you’re self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021.

    VAT

    For VAT, the deferral will apply from 20 March 2020 until 30 June 2020.

    Eligibility 

    All UK businesses are eligible.

    How to access the scheme

    This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 to 2021 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal.

    Income Tax

    For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021.

    Eligibility 

    If you are self-employed you are eligible.

    How to access the scheme

    This is an automatic offer with no applications required.

    No penalties or interest for late payment will be charged in the deferral period.

    HMRC have also scaled up their Time to Pay offer to all firms and individuals who are in temporary financial distress as a result of Covid-19 and have outstanding tax liabilities.

    Support for businesses through the Coronavirus Business Interruption Loan Scheme

    The new Coronavirus Business Interruption Loan Scheme supports SMEs with access to working capital (including loans, overdrafts, invoice finance and asset finance) of up to £5 million in value and for up to 6 years.

    The government will pay to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will not face any upfront costs and will benefit from lower initial repayments.

    The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs.

    This scheme is being delivered through commercial lenders, backed by the British Business Bank.

    Eligibility

    You are eligible for the scheme if:

    • your business is UK based, with turnover of no more than £45 million per year
    • your business meets the other British Business Bank eligibility criteria

    How to access the scheme

    The scheme is now open for applications. To apply, you should talk to your bank or one of the 40 accredited finance providers (not the British Business Bank) as soon as possible, to discuss your business plan. You can find out the latest on the best ways to contact them via their websites.

    All major banks are offering this scheme. If you have an existing loan with monthly repayments you may want to ask for a repayment holiday to help with cash flow.

    The full rules of the scheme and the list of accredited lenders are available on the British Business Bank website.

    The above has been taken directly from this page at gov.uk and will be updated regularly



  • 24 March 2020 1:14 PM | Lauren Martin-Grieveson (Administrator)

    Plans for new state-of-the-art Worthing healthcare centre open for public consultation.

    Detailed plans for a new state-of-the-art Worthing Integrated Care Centre (WICC) are now available online as part of a public consultation. 

    Due to the coronavirus disruption, the WICC plans will no longer be displayed at Worthing Town Hall, but are available via the Councils’ website. The deadline for submission of comments is 13th April, 2020. 

    The  £34 million development will provide GP, mental health, community and dentistry services, as well as further services for families and children and a pharmacy. It will also include a multi storey car park. Located on the site of the car park at the back of Worthing Town Hall,  it will see the existing Central Clinic site demolished to make way for the new one-stop shop facility. 

    The WICC and a multi-storey car park are to be funded by Worthing Borough Council through loans to be recouped through rent and income and the council would like to hear the views of the public on the development. 

    This is the culmination of a long-term aspiration to make the most of this under-utilised brownfield site in a highly accessible location in the middle of Worthing and to complete the Civic Quarter, as well as to deliver long overdue improvements to health care provision in Worthing.

    Members of the public and stakeholders are invited to view the plans online and share their thoughts on the proposals through an electronic survey (using links on the Councils’ website) before the planning application is submitted.

    The comments made will be fed into the design programme for further consideration before the designs are finalised for submission. For further information, please contact propertyteam@adur-worthing.gov.uk.


  • 23 March 2020 3:02 PM | Lauren Martin-Grieveson (Administrator)

    Coronavirus Business Interruption Loan Scheme (CBILS) FAQs for SMEs

    What is the Coronavirus Business Interruption Loan Scheme (CBILS)?
    CBILS is a new scheme that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. 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’.

    Please note: This scheme is just one of a number of measures announced by Government and you can find full details of the temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19 here.

    When can I access the scheme?
    The scheme went live on Monday 23 March and will initially run for six months.

    What are the key features of CBILS?
    CBILS guarantees facilities up to a maximum of £5m available on repayment terms up to six years for term loans and asset finance. For overdrafts and invoice finance facilities, terms will be up to three years. The scheme provides the lender with a government-backed partial (80%) guarantee against the outstanding facility balance.

    There is no guarantee fee for SMEs to access the scheme. Lenders will pay a fee to access the scheme. The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees.1 You (the SME) will therefore benefit from no upfront costs and lower initial repayments.2

    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 scheme requires the lender to establish a lack or absence of security prior to businesses using CBILS. Primary Residential Property (PPR) cannot be taken as security under the scheme. If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so.

    Please note: It’s important that you are aware that you, the borrower will always remain 100% liable for the debt. The CIBLS guarantee is to the lender, not you, the SME.

    1 Following earlier discussions with the banking industry, some lenders indicated that they would not charge arrangement fees or early repayment charges to SMEs borrowing under the scheme. HM Government greatly appreciates this approach by lenders.

    2 Fishery, aquaculture and agriculture businesses may not qualify for the full interest and fee payment.

    How do I know if I’m eligible to apply?
    Smaller businesses (SMEs) from all sectors3 can apply for the full amount of the facility, up to a maximum of £5m.

    To be eligible for a facility under CBILS, your business must:

    • Be UK based in its business activity with annual turnover of no more than £45m
    • Have a borrowing proposal which, were it not for the COVID-19 pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable your business to trade out of any short-to-medium term difficulty
    • If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so.

    How can I access the scheme?
    CBILS is available through the British Business Bank’s 40+ accredited lenders, which are listed on the British Business Bank website here.

    In the first instance, businesses should approach their own provider – ideally via the lender’s website. They may also consider approaching other lenders if they are unable to access the finance they need.

    Decision-making on whether you are eligible for CBILS is fully delegated to the 40+ accredited CBILS lenders. These lenders range from high-street banks, to challenger banks, asset-based lenders and smaller specialist local lenders.

    Note: if the accredited lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so.

    Additional application notes:
    Given there is likely to be a big demand for facilities once the scheme goes live, we ask you to please:

    • Consider applying via the lender’s website in the first instance. Telephone lines are likely to be busy and branches may have limited capacity to handle enquiries due to social distancing
    • Consider the urgency of your need – it is possible that some businesses may be looking for regular longer-term finance rather than ‘emergency’ finance, and there may other businesses with a more urgent need to speak with a lender

    What are the fees to borrow under CBILS?
    There is no guarantee fee for SMEs to use the CBILS scheme. Lenders will pay a fee to access the scheme.

    3 The following trades and organisations are not eligible to apply: Banks, Building Societies, Insurers and Reinsurers (but not insurance brokers); The public sector including state funded primary and secondary schools; Employer, professional, religious or political membership organisation or trade unions.

    What types of finance are available and who offers which type?
    CBILS supports a wide range of business finance facilities, including:

    • Term loans
    • Overdrafts
    • Asset finance
    • Invoice finance

    Note: Not every lender can provide every type of finance listed.

    CBILS is available through the British Business Bank’s 40+ accredited lenders, which are listed on the British Business Bank website here.

    What types of businesses is CBILS for?
    The scheme is designed to support smaller businesses (SMEs) who don’t meet a lender’s normal lending requirements for a fully commercial loan or other facility, but who are considered viable in the longer-term.

    Is the scheme appropriate for Start-ups?
    Potentially, if your business activity is primarily UK-based. For early stage businesses in their first two years of trading, the British Business Bank’s Start Up Loans programme (loans £500 to £25,000 at 6% p.a. interest) may be more suitable. Visit www.startuploans.co.uk for more information.

    Will I need security to get a CBILS-backed loan?
    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, it requires the lender to establish a lack or absence of security prior to businesses using CBILS. Primary Residential Property (PPR) cannot be taken as security under the scheme.

    Note: If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so.

    Do I need to evidence that I have a viable business?
    Yes. You must show in your borrowing proposal that were it not for the COVID-19 pandemic, your business would be considered viable by the lender, and for which the lender believes the provision of finance will enable your business to trade out of any short-to-medium term difficulty.

    I have an existing EFG Facility with my lender that I need to discuss. What do I do?
    If you have a query about an active EFG facility, you should approach your current provider – ideally via their website, and not the British Business Bank.

    Are there any restrictions on a Borrower refinancing their EFG Facility to a CBILS Facility?
    If you have a query about an active EFG facility, you should approach your own provider – ideally via their website – and not the British Business Bank. Any request for re-financing an existing EFG facility will be at each individual Lender’s discretion, be subject to certain limits, and you meeting the CBILS eligibility criteria.

    What’s happening to the old Enterprise Finance Guarantee Scheme (EFG)?
    The EFG scheme is temporarily suspended at this point in time. If you wish to apply for a financing facility, your lender will be able to assess if you are eligible under CBILS.

    How long will CBILS run for?
    CBILS will initially run for six months.

    Will the CBILS funds run out so I can’t access the scheme?
    No. Government has confirmed that the amount of funding available under the scheme will be demand-led. Therefore there is no immediate need to approach a lender if you do not need finance in the short-term. The scheme will initially run for six months.

    Are sole traders / freelancers eligible?
    Yes, as long as the business activity is operated through a business account. The scheme is open to sole traders, freelancers, body corporates, limited partnerships, limited liability partnerships or other legal entity carry out a business activity in the United Kingdom, with annual turnover of up to £45m, operating in all sectors4.

    The business must generate more than 50% of its turnover from trading activity.

    Can Lenders take a Personal Guarantee to cover the 20% loss that the Bank will make?
    No, if a lender makes a claim on the CBILS guarantee it will be after the lender has completed its normal recovery procedures (including realisation of any Personal Guarantees). The CBILS guarantee covers 80% of the lenders post recoveries claim. The lender will always suffer a 20% loss when claiming on the CBILS guarantee.

    I have had de minimis aid in the past, can I still get a loan?
    Yes, as long as you meet the scheme's eligibility criteria. Any previous de minimis state aid does not impact your eligibility for CBILS and does not need to be taken into account by the Lender. CBILS operates as a notified scheme rather than under de minimis as EFG did. There is no interaction between any de minimis state aid previously received by a business and the size of the CBILS facility they can access, should they be eligible.

    I am getting other kinds of aid to help respond to COVID-19 - can I still get a loan?
    Yes. The eligibility criteria for CBILS does not require Lenders to take into account the other forms of government support that SMEs may be benefiting from e.g. business rate reliefs or grants unrelated to the CBIL scheme.

    How is CBILS different from the EFG scheme?
    CBILS is a new scheme. It is different from EFG in a number of ways.

    1. CBILS provides the lender with an 80% government backed partial guarantee against the outstanding facility balance, subject to an overall portfolio cap. Under EFG this was 75%.

    2. There is no guarantee fee for SMEs to use CBILS.

    3. The Government will make a Business Interruption Payment to cover the interest and any lender-levied fees in the first 12 months of any CBILS facility, so smaller businesses will benefit from no upfront costs and lower initial repayments (originally announced as 6 months). Following earlier discussions with the banking industry, some lenders indicated that they would not charge arrangement fees or early repayment charges to SMEs borrowing under the scheme. HM Government greatly appreciates this approach by lenders.

    4. The maximum facility provided under CBILS will be up to £5m. Under EFG, this was £1.2m

    5. At the discretion of the lender the need for security may be waived for facilities below £250,000. For facilities above £250,000, requires the lender to establish a lack or absence of collateral prior to businesses using the CBIL Scheme. Primary Residential Property (PPR) cannot be taken as security under the scheme.

    6. CBILS is for borrowing proposals which, were it not for the current COVID-19 pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable the business to trade out of any short-to-medium term difficulty. The EFG scheme was only for facilities considered viable under the lender’s commercial terms.

    7. CBILS is available to businesses with annual turnover of no more than £45m. EFG was available to businesses with annual turnover of no more than £41m.

    If you have any further questions please contact your current provider, not the British Business Bank.

    Legal Notices

    The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS).

    British Business Bank plc is the holding company of the group operating under the trading name of British Business Bank. It is a development bank wholly owned by HM Government which is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The British Business Bank operates under its own trading name through a number of subsidiaries, one of which is authorised and regulated by the FCA. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. Accordingly, none of the British Business Bank group of companies takes deposits or offers banking services. A complete legal structure chart for British Business Bank plc can be found at www.british-business-bank.co.uk


  • 23 March 2020 2:49 PM | Lauren Martin-Grieveson (Administrator)

    What is the Chamber doing in the next few months?

    Updated 23rd March 2020

    The Chamber will be keeping in touch with its members to offer support where we can during these unprecedented times. Staff will be working remotely and can be contacted via email info@worthingandadurchamber.co.uk or by phone 01903 203484.

    The members of Worthing and Adur Chamber have always been great supporting each other and we will continue to facilitate that support as best we can.

    Let’s work together! 
    We encourage all members to submit any news items or tips that will be shared on the website and with members via business e-news. If you have any requests for help please email this to tracie@worthingandadurchamber.co.uk and this will be shared on the website and with members in the e-news.

    Continue to make the most of your membership, make sure your profile is up to date, there will be many businesses out there needing help and support. Remember to use members where possible and support each other. A list of members can be found here https://worthingandadurchamber.co.uk/Members-Directory2

    Chamber events: 
    We have had to take the decision to postpone the upcoming networking events throughout March and April and will review this when appropriate. We will be launching virtual events, more information will be posted here
    https://worthingandadurchamber.co.uk/Chamber-Events

    Chamber Academy:
    We are looking to make all of our upcoming training courses virtual along with adding some short top tips sessions from members which is an exciting opportunity for us all! We will have further information to follow about these training courses shortly. Use this time to upskill yourself or your staff! If you would like to deliver a top tips session please email info@worthingandadurchamber.co.uk

    It is important to keep positive and keep in touch with the business community, the Chamber is here to support you!


  • 23 March 2020 9:55 AM | Lauren Martin-Grieveson (Administrator)
    Calling all businesses who deliver food or other services to the public

    Worthing.Community is a new community site focussing on providing local Coronavirus news and support. 

    If your business delivers food or other services to the public during this period of social distancing then list your business on Worthing.Community site now! 

    Click here to list your business


  • 23 March 2020 9:41 AM | Lauren Martin-Grieveson (Administrator)

    Worthing Community Chest is offering grants of up to £250 that are designed to be as flexible, quick and easy as possible. 

    No application form, just an email to grants@worthincommunitychest.org and a follow-up telephone conversation.

    No monitoring forms, just the receipts and some photos or videos to show the project in action. 

    We are loosening our usual criteria on types of bank account and written constitution.

    Groups may even reapply for additional funding if need is proven to be ongoing.


Don't miss out on our upcoming events! Click here to book your next event now


Worthing & Adur Chamber of Commerce is the trading name of Worthing & Adur Chamber of Commerce & Industry Ltd.
Company registered in England & Wales. Company number: 00345261.  
VAT No: 275 6477 60
Registered Office: Sphere Business Centre, Broadwater Road, Worthing,
West Sussex BN14 8HJ
© 2018 Worthing & Adur Chamber


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