Skip to main content

Eviction ban extension ‘a huge relief for tenants’

Eviction ban extension ‘a huge relief for tenants’

A ban on landlords evicting firms for unpaid commercial rent has been extended for another nine months, the government has announced.

The ruling, which stops landlords taking tenants to court for non-payment, was due to end on 30 June.

An extension was announced by Treasury Secretary Stephen Barclay, who said the delay in easing lockdown restrictions presented additional challenges to business.

Raj Kandola (pictured), head of policy at Greater Birmingham Chambers of Commerce, said: “The extension of the current scheme will come as a huge relief to commercial tenants up and down the country that have been knocked sideways by the pandemic and have faced crippling overheads.

“We are also pleased to see the Government is committed to striking a balance between protecting landlords and supporting those businesses that need the most help – something that we’ve called for as part of our Keep Business Moving campaign for a number of months.

“Nevertheless, as early analysis from our latest Quarterly Business Report shows, firms are still facing major issues related to cash flow and many are under pressure to raise the price of their goods and services.

“Landlords are of course businesses too and have also faced many challenges during this period. This is an issue that can’t be pushed down the road forever, innovative approaches to helping businesses clear Covid debts and reach mutually agreeable positions with their landlords and creditors will need to be found.

“We are calling on the Government to look at what else can be done to help impacted businesses reduce their overheads and give them the breathing space they need to get through what we hope will be the final few months of this awful crisis.”

Click here to attend the QBR event.

Click here to access the Covid-19 Support Grid.

Comments

Popular posts from this blog

Fund offers £60 million for businesses looking into sustainable technologies

Fund offers £60 million for businesses looking into sustainable technologies Businesses in England, Wales and Northern Ireland who are looking to develop innovative technology in the energy sector can now bid for a share of up to £60 million in grant funding through the IETF Phase 2: Autumn 2021 competition window. The Industrial Energy Transformation Fund, launched by the Department for Business, Energy and Industrial Strategy is targeted at feasibility and engineering studies, as well as the deployment of industrial energy efficiency and deep decarbonisation projects.  Funding will be available to businesses for: Studies  - feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects prior to an investment decision.  Energy Efficiency projects  - deployment of technologies to reduce industrial energy consumption.  Deep Decarbonisation projects  - deployment of technologies to achieve industrial emissions sav...

Meet five advisers who’ll help your business become ‘fit for finance’

Meet five advisers who’ll help your business become ‘fit for finance’ Charlie Gilbert Content Manager Enterprise Nation   In our previous post, we covered the topic of  how to use any money you raise  – with the services of advisers being a crucial area small businesses should consider investing in. These services, however, are often needed before a business applies for funding. Take financial advisers and accountants, for example. Their job isn’t solely about helping you keep on top of your incomings and outgoings; it’s also about making you ‘fit for finance’ – in other words, helping position you as an attractive prospect to lenders or investors. They do this in myriad ways – from increasing profitability by helping you run your business more efficiently, to improving cashflow by advising on, and helping you implement, processes that keep cash in your business (automated payment collections, for example, or credit control). Some advisers will ensure you’re set up to sca...

Social care tax hike heaps further pressure on business

Social care tax hike heaps further pressure on business  The government’s tax hike to fund social care reforms is short-sighted given the challenges already facing firms, business leaders said today. A new UK-wide 1.25 per cent health and social care levy will be introduced from April 2022, based on national insurance contributions. The government says the move will generate £36bn towards social care reforms over the next three years in “the biggest catch-up programme in the NHS’ history.” The levy will be paid by working adults, including people over the state pension age - unlike normal national insurance, which is not paid by pensioners.  Initially, national insurance contributions rates will go up by 1.25 per cent. But from April 2023, once tax systems have been updated, the levy will be separated, so that it appear separately on pay slips. At this point working adults above state pension age will start contributing. The government will also increase the rates of dividend ...