Latest Business Support news from East Riding of Yorkshire Council - 17/10/23
Measures to tackle late payments
The Government has announced tougher measures to tackle the issue of late payments to small businesses. The new measures include extending payment performance reporting obligations, providing advice to small businesses on negotiating payment terms and broadening the powers of the Small Business Commissioner.
Guidance on charging company-provided electric cars
HMRC has updated the guidance on the tax benefits relating to charging company-provided electric cars. The guidance states that HMRC accepts there is no taxable benefit where an employer reimburses their employee for the cost of charging a company-owned, wholly electric car that is available for private use.
Read more about the guidance at: EIM23900 - Car benefit: special cases: issues relating to electric cars - HMRC internal manual - GOV.UK (www.gov.uk)
Toolkit to help manufacturers cut energy costs
The High Value Manufacturing (HVM) Catapult has launched a pilot scheme to help small manufacturers cut energy usage and greenhouse gas emissions. The Manufacturing Energy Toolkit is a guided assessment which is carried out by HVM Catapult experts to create a better understanding of energy usage and sources. It will help small and medium-sized manufacturers save an average of 21% on their energy costs.
Read more about the toolkit at: https://hvm.catapult.org.uk/news/hvm-catapult-helps-smes-slash-energy-costs-with-new-manufacturing-energy-toolkit/
If you want to find out how to save energy in your business contact us to see how we can help.
Topic Of The Week
Supporting apprenticeships in your business through apprenticeship levy transfer
Would you like to recruit new apprentices? Would you like to develop existing employees and offer them an apprenticeship qualification?
East Riding of Yorkshire Council can assist you with the costs of the apprenticeship training though levy transfer. Read on to find out how it works.
As a large employer, the Council pays into an Apprenticeship Levy. We have some fantastic case studies of new and existing staff gaining new skills, confidence and new jobs on completion of their apprenticeship. We can transfer some of the levy fund to other employers across the East Riding of Yorkshire to train and develop their own workforce. Levy transfer funding can cover the training fee costs for your apprentices - further details can be found at Receive a levy transfer from another business to fund an apprenticeship - GOV.UK (www.gov.uk).
Which sectors can we support?
We can support apprenticeships in a range of sectors from agriculture to business and administration to construction to digital to health to sales to transport and logistics.
Before applying, you will need to know:
- the name, level and duration of the apprenticeship programme you want support for
- the cost of training and assessing your apprentice - you will agree the cost of the apprenticeship training and the end point assessment with a training provider. We can only transfer funds within the funding band limit for the apprenticeship
- details of the training provider you want to work with and agreement from them that the apprentice is eligible and ready to start their apprenticeship.
How to apply:
You can view available levy transfer opportunities at Find a business to fund training for your apprentices (manage-apprenticeships.service.gov.uk). East Riding of Yorkshire Council is listed among a number of local and national employers Transfer fund details for East Riding of Yorkshire Council (98GMJK) (manage-apprenticeships.service.gov.uk). You can apply for multiple apprentices within one application if they are undertaking the same apprenticeship qualification or use multiple applications for apprentices undertaking different qualifications. Once you have applied for a transfer, you will be able to view the status of your application via your digital account.
Although the council can transfer levy funds, employers will have responsibility for managing the apprentice day to day. Support in establishing apprenticeship posts/promoting apprenticeships to existing staff is available from training providers as well as the Apprenticeship Hub or Hull & East Yorkshire Local Enterprise Partnership.
Is Starting A Business Right For Me?
This free workshop will allow you to explore your business ideas and help you understand how you can turn your ideas into reality. Delivered by our team of experienced business advisers, it is available at a number of locations around the East Riding with the next one running this week. Places are filling up so book early
01/11/2023 - 9:30am - 12:30pm – Market Weighton
30/11/2023 - 5.30pm – 8.00pm – Brough
If you are thinking of starting a business but can’t make any of the sessions please contact us to arrange a confidential discussion with one of our business advisers.
Cybersecurity for the Non-Techie
To find out ways that you can protect your business online, register now to join us for ” Cybersecurity for the Non-Techie”, a straightforward and jargon-free workshop tailored to help you and your business stay safe online.
Book now for either the morning or afternoon session on Tuesday 17th October at ergo, Bridgehead Business Park, Hessle including lunch and networking opportunities.