COVID-19 is the biggest health, social and economic emergency we have faced since the second world war. High streets, office blocks and work places across London are empty, as the Government has said that all non-essential shops must close and people are to work from home if possible.
City Hall is helping businesses by:
- Monitoring the impact on London’s economy and businesses.
- Providing businesses with access to business support advisors via telephone calls and online meetings.
- Developing and delivering webinars to support businesses to address the impact of COVID-19.
- Progressing proposals for a £1m fund to support London’s businesses to become more resilient and able to adapt to life after lockdown
- Rolling out a “Pay it Forward” crowdfunded campaign to enable consumers to support local independent businesses and help ease cashflow problems.
- Offering a 100% rent relief to all SMEs on Transport for London’s estate, starting from 25 March, for three months.
- Providing an emergency £2.3m fund to support culture and creative industries at risk.
- Establishing a Shared Workspace support programme to provide information on business rates relief, guidance on negotiating leases with landlords and support to tenants on applying for funding.
What more do you think City Hall, Government or other organisations could do to help London’s businesses?
What can Londoners do to support their local businesses and high streets, now and in the future? Do you know of any initiatives in your local area?
Tell us in the discussion below.