Herald - Issue 395

v FOR GOOD ADVICE, ASK YOUR LOCAL SPECIALISTS v 17th September 2020 • The HERALD • Page 49 Tel: 023 8254 7600 TMT House, 12 The Marsh, Hythe, Southampton, SO45 6AL enquiry@tmtlegalservices.co.uk www.tmtlegalservices.co.uk YOUR LOCAL LEGAL SPECIALISTS If you come into any of these categories, then you will need to complete a self-assessment. Other services that we can provide M G ACCOUNTANCY SERVICES Telephone & Fax: 023 8089 1351 • Email: mgeere@btinternet.com Specialising in Bookkeeping and Accountancy Services in and around the New Forest and Waterside area, be assured of a local and friendly service. Are you self-employed? Are you a small business? Are you a landlord? Do you have investment income? NEW LIMITED COMPANY SET UP VAT RETURNS CREDIT CONTROL OUT OF HOURS CONSULTATIONS BUSINESS PLANS PAYROLL • CIS GENERAL BOOKKEEPING CORPORATION TAX Don’t let this be you at the end of the tax year ASK A PROFESSIONAL Bounce Back Loans Following the announcement from government last week, Bounce Back loans are now open for applications. e scheme helps small and medium- sized businesses to borrow between £2,000 and £50,000. e government guarantees 100% of the loan and there won’t be any fees or interest to pay for the rst 12 months. Loan terms will be up to 6 years. No repayments will be due during the rst 12 months. e government will work with lenders to agree a low rate of interest for the remaining period of the loan. For further details of how your business can apply for this, please visit www.gov.uk/guidance/apply- for-a-coronavirus-bounce-back-loan e New Forest Rural SME fund seeks to support the Solent economy by providing grants to rural small and medium sized businesses (SMEs) with potential for economic growth, leveraging in private sector investment, creating or protecting jobs and assisting the rural sector. e New Forest Rural SME Fund is a competitive fund managed by Natural Enterprise on behalf of the Solent Local Enterprise Partnership (LEP). is fund is for New Forest based rural SMEs that require capital investment to progress their project which will enable their business to expand and grow and is designed to continue the positive work of LEADER, supporting the New Forest rural economy. e rst round of funding (£82,000) will be committed by 31st March 2021 . e fund is looking to support the strongest bids which return best value for money, jobs and leverage in the rural economy and generate sustainable growth. Grants are available between £2,500 and £50,000 and need to create or safeguard jobs to be eligible. ose projects that can create or safeguard a higher number of jobs will be prioritised. All projects must also demonstrate a bene t to the rural economy. Grants from round 1 need to be claimed by September 2021 and jobs created by December 2022. If you believe you have the potential to grow your business or safeguard jobs, but require some extra funding to do so, you may be able to bene t from the fund. Who can apply To be eligible, applications must meet the following criteria: • e bid must be for between £2,500 and £50,000 of New Forest Rural SME support. • e bid needs to demonstrate it will create or safeguard jobs. Priority will be given to applications creating higher numbers of jobs. • e bid must raise private investment, whether through the company’s own resources, investors or borrowing. e fund can provide up to 50% of your total project costs, up to a maximum grant of £50,000. is means the bid must lever in at least £1 of private investment for every £1 of New Forest Rural SME support. Successful bids tend to exceed this. • Bids must come from a wholly private organisation such as a limited company. • Bids must come from SMEs from the rural sector based in the New Forest. • Bids must come from SMEs able to demonstrate how their project will bene t the rural areas. • Bids from third sector organisations, charities and community interest companies are eligible for consideration. • Bids must not involve the delivery of a public sector project or service. New Forest Rural SME Fund