Click here to download a PDF of our latest weekly Keeping You Informed newsletter, or read it below.
In our weekly roundup of essential national and local announcements, we focus on the announcement yesterday that the Government has pledged to support and protect High Street businesses from ‘aggressive rent collection and closure’. Additionally, within 48 hours of the opening of the Coronavirus Job Retention Scheme portal, employers have claimed support worth over £2.6 billion.
UK retail sale figures for March 2020 have been announced today and are also outlined below. Alongside this announcement, we are restarting our ‘Town Centre Insights’ footfall data sharing to include our monthly reporting alongside new, weekly tracking. Information on Kingston’s footfall over the past 5 weeks is below.
Protection from ‘aggressive’ rent collection
The Business Secretary yesterday announced that the Government would temporarily ban landlords from using statutory demands and winding up orders for commercial tenants who are unable to pay bills or rent due to the coronavirus. The Business Secretary did acknowledge that the majority of landlords and tenants are working well together to reach agreements but the measures were set out to protect those tenants who were experiencing ‘aggressive’ tactics to receive payments. This comes after the British Retail Consortium and British Property Federation called for a rental support scheme for non-essential businesses that were ordered to close during the pandemic.
Find Out More: read the Government’s press release
Coronavirus Job Retention Scheme (CJRS) Portal open
During Monday and Tuesday, the scheme has seen 309,000 firms apply for 2.2million employees and £2.6 billion of support had been claimed. The Chancellor confirmed that businesses should receive payments within 6 days and that businesses that are eligible are still able to apply.
Find Out More: Visit the scheme’s website to find out more about payment dates.
Survey to assess the impact of Covid-19 on your organisation
We have worked with Kingston Council and Kingston Chamber of Commerce to launch a Covid-19 (Coronavirus) business survey to assess the economic impact of the crisis on businesses locally. Please fill this out to help influence and shape ongoing support.
Click here to complete the survey.
Latest Insights and Analysis
Retail Sales March 2020
Kingston Town Centre Footfall Insights
15 Mar: -32%
22 Mar: -80.1%
29 Mar: -85%
5 April: -82.3%
12 April: -84.4%
Coronavirus Business Interruption Loan Scheme (CBILS)
COVID-19: Long Term Implications to UK Consumers
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