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WANTED: Government Support for Retail Owners

Posted on in Business News , Cycles News , Political News

The ACT has identified that the great majority of IBD owners will not be supported by the Government's current support schemes, where they have been enforced to close. This shortfall already applies to many of our Independent Retail Confederation (IRC) colleagues, from hairdressers to booksellers; all micro retailer, limited company directors and shareholders.

The ACT has initiated a campaign through the IRC and its 100,000+ strong retail network to support retail owners with a scheme comparable to the Job Retention Scheme for our employees.

The proposal highlights the dependency of the speciality retail business sector upon the ownership; the sacrifices owners make to keep the retail sector running and their personal reliance upon generating profits to provide the dividends they require to fund their businesses, pay their staff and live!

Through the Independent Retailers Confederation, the ACT are urging Government to implement a financial support programme for our members NOW!

 

Reader Comments (4)

So will there be any help for those of us on low income, rent to pay but no business rates? Mine are included in the rent, does that mean my landlord will pocket the grant?

David Beacham, 6 Apr 2020

Rates are charged to the occupier(s) of a building, not the landlord unless they also run a business from the building either way you should still be paying rates or have Small Business Rates Relief. I'm in a building with 2 other businesses and the 3 business here are all eligible for SBRR, so we each receive the govt. grant - the landlord doesn't have a physical business presence in the building, so doesn't get the grant. You umay want to check with your local authority although it may be too late to rectify.

Robert Wade, 7 Apr 2020

What we'd like the ACT to do is push for a 'half-furlough' scheme. We're open 50% of the time with around 50% income. With six staff we can't simply furlough three - we all have different skills and work as a team. The support we need is 40% of wages for all (half-time) staff rather than 80% for some of our employees. Please can the ACT look into this issue.

Lucy Hall, 10 Apr 2020

Hi Lucy,apologies for the delay in replying. We've noted your request and will take it forward to our peers at the Independent Retailers Confederation to see if there have been any other similar requests.

Tabitha ActSmart, 12 Apr 2020

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