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Your October 2020 Update

A note from your Chamber,

Welcome to your October newsletter. Hopefully, you are all keeping well and continuing to navigate your way through the ongoing impacts of the coronavirus pandemic.
 

LATEST GOVERNMENT SUPPORT: WINTER ECONOMY PLAN

Job Support Scheme
The Chancellor of the Exchequer recently announced a package of new measures to support businesses in the Winter months and replace the furlough scheme which officially ends on 31 October. The new Job Support Scheme will run from 1 November 2020 for six months and will enable businesses with reduced demand due to Covid-19 to continue to employ their staff.

The business will pay its employee for hours worked but the cost of hours not worked will be split between the employer, the Government and the employee (in the form of a wage reduction). More information on the Job Support Scheme can be found here.
 
Tax cuts and deferrals
The Government will also be extending the temporary 15% VAT cut for the tourism and hospitality sectors until the end of March 2021.

Any businesses with deferred VAT bills will be given the option to pay back in smaller instalments rather than a lump sum under the New Payment Scheme. More information on tax cuts and deferrals can be found here.
 
Pay as You Grow loan repayment scheme
Businesses that took out a Bounce Back Loan will now have more flexibility to pay them back. This will extend the length of the loan from six years to ten years, cutting monthly repayments by nearly half.  

The Government is also giving Coronavirus Business Interruption Loan Scheme (CBILS) borrowers the ability to extend the length of the loan period from six years to ten if it will be help businesses repay the loans. Further guidance can be found here.
 
We hope that the further Government support will be beneficial to businesses in the coming months to aid recovery and growth.
 

DO YOU KNOW A BUSINESS IN NEED OF SUPPORT? 

As a Chamber, we want the Calderdale, Kirklees, and Wakefield business communities to thrive and grow. In the remaining months of 2020, we are able to offer hugely discounted membership, allowing more businesses to benefit from Chamber support, representation, and connections to support Covid-19 recovery and future growth.

The scheme is funded by a grant through the Leeds City Region Enterprise Partnership (LEP). If you know of any businesses who could benefit, please forward on this email or ask them to get in touch via membership@mycci.co.uk.

Membership applications can be made here.


As always, we value your feedback and are here to support you, please don’t hesitate to get in touch via getconnected@mycci.co.uk.



Martin Hathaway
Managing Director
Mid Yorkshire Chamber of Commerce 
QUARTERLY ECONOMIC REPORT: QUARTER 3 2020

As fieldwork for Quarterly Economic Report Q3 was being carried out, lockdown measures were eased, schools were opening their gates, and many businesses that had been working remotely were beginning to return to their workspaces and to a new ‘normal’.
 
Despite the ongoing challenges, the region has shown true Yorkshire resilience over the last few months. Investment intentions for both plant and machinery and staff training remain historically low, but saw an increase in quarter three as more and more businesses adapt to new ways of working and take on new technology to aid them in doing so. These tentative signs of recovery are reflected in business confidence, which is slowly rising again in some sectors. 

Read the latest Quarterly Economic Report here >>
Member offer of the month: 
Mindset Performance Ltd is offering MYCC members 20% off its Exit Support Training Programme. This programme is specifically designed for companies that are having to let employees go following the end of the furlough scheme.
 
Use this as an opportunity to motivate leavers and remainers, gather valuable business insights, as well as make your leavers advocates for your business.
 
Mindset Performance can support you with this crucial strategy, as a result you'll benefit from:
  • Brand ambassadors from both leavers and remainers.
  • Business insights, valuable information about what things could be improved and what works well.
  • A motivated, lean and streamlined workforce.
  • Great handovers, so no skills, knowledge or momentum is lost.
  • Increased loyalty from the remainers who may be taking on more or different responsibilities.
  • Demonstrating your true intentions to your remaining people.
  • Boomerang employees when things are different.

For more information on this offer, login to MY Chamber
or get in touch via getconnected@mycci.co.uk
 
MY Chamber >>
Get connected with our calendar of virtual events, from British Chambers accredited courses, to networking and skills workshops, there is something for everyone and every business!

If there's something you want to see more of, or would like to partner with us on an event, get in touch via events@mycci.co.uk
All upcoming events >>
GDPR: Getting Data Protection Right
Tuesday 20th October

Struggling to get to grips with GDPR? In this webinar AD:VENTURE will help you understand the basics of GDPR and the legalities behind it, enabling you to make informed decisions as your business grows. 
Register now >>
America Made Easy: Establish, grow and streamline your US business activity
Wednesday 21st October
In this one-hour webinar with Newable Avitus you will learn how to plan for, launch, grow, and optimise your US operations. Part of the America Made Easy programme, this webinar will provive expert advice and support for US business activity. 
Register now >>
MYNetwork October
Wednesday 21st October
Join us on Zoom for another virtual MYNetwork session this month! We'll be bringing back breakout rooms so that smaller groups can get to know each other better within the group session. 
 
Register now >>
Gain Authorised Economic Operator (AEO) status for your business 
Wednesday 21st October

Prepare for Brexit now and learn how to become AEO approved with our one-day webinar. AEO status is an internationally recognised quality mark and comes with a range of benefits for international trade.
 
Register now >>
MY EXPORT HUB UPDATE

EU trading arrangements
Is your business ready to export after Brexit? The new trading arrangements will come into force on 1 January 2021. If you currently export to the EU, or are planning to begin exporting to the EU, make sure you are aware of the changes here.
 
Exporting to Turkey
Please be aware that Turkish Customs will no longer accept the wording ‘European community’ in box 3 on a European certificate of origin. The country of origin or ‘European union’ followed by the country will be accepted going forwards.
 
Exporting to Vietnam
Please note that the Free Trade Agreement (FTA) between the EU and Vietnam came in to place on 1 August 2020. This means that an EUR1 can now be  issued for exports to Vietnam. Exporters should ensure their goods meet the necessary rules of origin before applying.

For advice and support on the above, or if you have any other exporting queries, please contact export@mycci.co.uk
News from our members...
Honley social media agency celebrates ninth birthday
Established in 2011, Social Progress has since expanded its offering, helping both SMEs and larger businesses make the most of social media. 

Read more >>
Scalp cooling expert launches cancer support series
Paxman's Facebook Live series will be dedicated to supporting those undergoing cancer treatment in these challenging times.

Read more >>
Brighouse agency strengthens digital offering with new recruit
Matthew Fraser joins Faith PR as Digital PR Account Manager, helping to expand the agency's digital offering and ability to deliver more integrated campaigns.

Read more >>
Huddersfield venue wins Civic Society award
The Manor House in Lindley has been awarded the Best Refurbishment in the Civic Society's Annual Design Awards following it's purchase by Sara Presley.

Read more >>
Yorkshire law firm appoints new Partner
Schofield Sweeney welcomes Kanika Sohpal back to its Private Wealth and Succession team as Partner following three years at Clarion. 

Read more >>
Communications agency wins health tech client
KC Communications has been appointed by health tech specialist Mindwave Ventures to deliver PR and marketing. 

Read more >>
Welcome to our new members!
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