First ‘Virtual’ Common Council In Millennia

The Common Council of the City of London Corporation meets for the first time ‘virtually’ today, 21 May 2020, at 13:00.  The Council members will be using ‘Teams’ while the event is being live-streamed on YouTube.  Pull up a chair and join us.

This follows Captain Tom Moore receiving the Freedom of the City during City of London’s first ‘virtual’ ceremony on 12 May.

Some wags have pointed out that the Council has never been all there, but we might contend “it’s never been more real since virtual became more common” (parse that?).

Support For Residents & Businesses

The many actions taken over the past three months have been consolidated into two very informative documents that should help anyone needing assistance in the City of London during the covid-19 crisis:

As ever, please do feel free to contact your members if we can assist you.

City Business Library Support During Covid-19

City Business Library (CBL) staff have been working hard behind the scenes to find ways in which we can continue to support our business customers during lockdown with their market research, business start-up questions and online learning. We understand that being at home can be frustrating, but we want to help you continue the business plans you had set for 2020.
Visit Covid-19 business support pages on website to find out more »

Free 121 Bitesize Business Advice Sessions

Regular business advice sessions have been condensed to 30 minute online consultations. These are being offered as a complimentary service to anyone thinking of starting a business while City Business Library is closed. Yes, that’s right – business advice for FREE!  Once you register your allocated business advisor will be in touch to arrange a suitable time to talk.
Register for bitesize business advice 121 >>

Covid-19 Global Data

You can now subscribe to MarketLine to receive their regular Coronavirus Executive Briefing, helping you to understand how the outbreak may impact your business.  CBL Remote Access Membership.  You can still become a City Business Library member to access some of our databases which are available remotely. With the Access membership you can get free access to the Cobra (Complete Business Reference Adviser) database that has a factsheet ‘Coronavirus – Government Support for Business’ which contains advice on sources of information for businesses and employers.
Find more information about CBL membership »

Online Courses

Why not take this time to learn or develop your skills. All online courses have been discounted so you can make the most of your time at home.
Shop the sale »

Broad Street Ward Sheriffs Agree To Continue Till September 2021

As reported in the FT, and the formal press release follows, Alderman & Sheriff Professor Michael Mainelli and Chris Hayward CC of Broad Street Ward were invited, and agreed, to extend their Shrieval year by 12 months till September 2021 in order to “ensure continuity of leadership” during and hopefully after the covid-19 crisis. Continue reading

Corona Virus – City Of London Information Sources

The City of London is doing what it can to ease the economic pain of complying with corona vius strictures.  For information on local support for businesses, up to date, please go directly to – https://www.cityoflondon.gov.uk/business/support-promotion-and-advice/Pages/covid-19-advice-for-smes.aspx – but a quick summary includes:

Business rates relief and grants for small businesses. The government has announced retail, hospitality and leisure businesses in England will not need to pay business rates for the 2020 to 2021 tax year. We will be applying this automatically to businesses in the City of London, you do not need to apply.

A grant scheme has also been announced by central government to assist Small Businesses with a rateable value of up to £51,000. The two schemes are detailed below:

  • A £25,000 grant will be provided to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value between £15,000 and £51,000.
  • A £10,000 grant will be provided to businesses currently eligible for Small business rate relief (SBBR) to help meet their ongoing business costs.

The City Revenues Team will issue payments directly to those businesses that qualify and no application will be required. Further information is available on our Business Rates page.​

Rental relief for City of London businesses. The City of London Corporation has agreed to make rental payments more manageable for its smaller business tenants as they deal with the financial strain of the COVID-19 outbreak.

The City Corporation’s Property Investment Board has agreed to change rental payments for the March to June quarter to monthly billing for directly managed premises. This replaces the current quarterly billing scheme and makes rental obligations more manageable for City Corporation tenants.

Please be sure to check the COVID-19: guidance for employers and businesses from the Government for the latest updates. Businesses should check for daily updates and subscribe to receive email alerts to ensure they are acting on the most up to date information.

City Of London & Corona Virus

JOINT STATEMENT FROM LORD MAYOR OF LONDON WILLIAM RUSSELL AND POLICY CHAIR OF THE CITY OF LONDON CORPORATION CATHERINE McGUINNESS

These are unprecedented times and there will be anxiety across the City – at a personal as well as a business level.

But we have seen difficult times before and have come through them by working together.

It is this same spirit of community, resilience and support which we are seeing as we respond together to the threat of COVID-19.

And we want the residents, workers and visitors to the City of London to know we at the City of London Corporation will do everything we can to help.

We will maintain critical functions and services for our communities.

We will support our vulnerable friends and neighbours.

We will work with all the front-line agencies to deal with this crisis.

And we will maintain confidence in this vibrant, thriving, dynamic and diverse City.

Of course, some of our major facilities may be closed temporarily, some of our events postponed and we will have fewer face-to-face meetings.

Some of the help we now give will be provided by modern technology and remote working rather than by hand.

But we will be supporting the City, to help employees, businesses and the financial system.

We will be sustaining our work on long-term competitiveness, for example by continuing our climate action work.

And we will be speeding the recovery so we are ready, whenever the moment comes, to relaunch a full and strong economy.

This is a crisis which will require the whole of our capital, and indeed the whole of our country, to work together.

We are very grateful to all those who are working so hard to keep essential services going.

We know these will be difficult and even unhappy times for many of our communities and businesses.

But the fundamental strengths of London will help us to recover and rebuild, as we have done before.

London will always be one of the world’s leading financial centres, a city of global talent with a highly-skilled workforce and more international HQs than any other European city.

The timezone that spans Asia and North America will not change.

And we will always be a city with thousands of pubs, hundreds of art galleries, more than 200 museums, beautiful open spaces and four UNESCO World Heritage sites.

This City has come through difficult times in the past but there are good reasons for a quiet confidence.

The City of London Corporation has always played its part in dealing with past crises.

Working together, we will do so again.

-ENDS-

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

Useful links

COVID-19: latest information and advice

COVID-19 Symptoms

Public Health England guidance for Employers and Business

PHE guidance on self-isolation

COVID-19: What is self-isolation and why is it important?

Self-isolation advice

NHS 111  telephone service or online assessment.

Employee Assistance Programme: 0800 0305 182

For more information please contact:

Nathan Rodgers

Media Officer

City of London Corporation

020 7332 3451

nathan.rodgers@cityoflondon.gov.uk

Ward Mote Postponed

We wrote to electors in the ward recently to invite you to meet your Alderman and Common Councillors at the annual ward meeting (Wardmote). The meeting was due to take place on Wednesday 18th March 2020 at noon at the Dutch Church in Austin Friars.

Due to heightened concern regarding the coronavirus (COVID-19), we have decided to reschedule this event. A new date has not been scheduled at this time.

We have every intention of holding this event for voters, residents, and workers later in the year.  Our sincere apologies for any inconvenience.

 

City Corporation Supports Businesses Through COVID-19 Outbreak

Businesses in the Square Mile are being urged to take advantage of measures announced in the Budget to support them through the COVID-19 pandemic, with the City of London Corporation pledging to support firms struggling as a result of the current outbreak.

The Chancellor announced a number of changes in the Budget on Wednesday designed to help small and medium enterprises (SMEs) in particular, including some that directly impact on business rates.

The City Corporation is awaiting confirmation from central Government on exactly how the reliefs will be applied. However, the following additional assistance has been announced:

  • An increase to the planned rates discount for pubs from £1,000 to £5,000 for 2020
  • A 100% reduction in 2020/21 for businesses in the retail, leisure and hospitality sectors where they have a rateable value below £51,000
  • Cash grants of £3,000 to very small businesses with rateable values below £15,000

As a result of these exceptional measures some qualifying businesses or organisations may receive a bill that will require an update for the 2020/21 financial year.

The City Corporation will contact all those likely to be affected by these changes once the exact details of how the reliefs are to be applied is known. Any businesses affected or with queries about their rates should contact businessrates@cityoflondon.gov.uk

Catherine McGuinness, Policy Chair at the City of London Corporation, said:

“We recognise that businesses based in the Square Mile are facing difficult trading conditions as a result of the current outbreak. The Chancellor rightly set out steps to support households and businesses, particularly SMEs, in the Budget earlier this week. We will contact those businesses covered by these changes and urge those facing genuine hardship to get in touch.”

Jeremy Mayhew, Chairman of the City of London Corporation’s Finance Committee, said:

“In these testing times, it is vital that those businesses facing real difficulties are supported. The measures announced in the Budget were a positive step, particularly for SMEs. We will continue to work with businesses based in the Square Mile to offer as much support as possible.”

The City of London was home to 23,890 businesses in 2019, with 99% of these firms classified as SMEs. There were also around 1,000 new start-ups in the Square Mile last year.

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

Broadening Old Broad Bus Stops

We are proposing to install some highway improvement on Old Broad Street near Pinner’s Passage.  The proposal includes:

  • Introduce a pedestrian refuge outside near Pinner’s Passage.
  • A provision of new loading bay

However, to accommodate these improvements the southwest bound bus stop will need to be moved.

The public consultation letter and drawing is being sent to affected frontages seeking their views on the proposal. We anticipate the improvements will be implemented by August 2020.  If you have any comments on this proposal or require any additional information, please let Isaac Taylor know by 26 March 2020.