CGi News

Covid 19: States extends support for local businesses

The States has announced this morning these additional funding measures from Monday 04 May: Businesses that see turnover reduce to below 40% of normal levels will be able to apply for up to 100% of minimum wage for employees through the Payroll Co-funding Scheme. This upper threshold will be extended to 50% for those businesses most in need and able to demonstrate that support is still necessary. Businesses with turnover in excess of 40% and up to at least 70% of normal levels will continue to be able to apply for up to 80% of minimum wage for employees. This …

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CGi backs States approach to borrowing but emphasises caution

THE Confederation of Guernsey Industry supports the States’ approach to borrowing announced last week, particularly in this first phase. There is a clear and immediate requirement to address the impending cash flow shortfall given the considerable sums that are being spent in helping businesses and the economy in general coupled with a simultaneous reduction in receipts. The States should be credited for its swift response to tackling the economic issues faced and also its willingness to engage with industry and take on board feedback. As far as the second tranche of borrowing is concerned, we broadly support the need to …

Read MoreCGi backs States approach to borrowing but emphasises caution

COVID-19: States outlines businesses that can now operate

New guidance for businesses and workers has been issued, which supersedes all previous guidance given and outlines which types of business can operate from 25 April 2020 if public health requirements on social distancing and hygiene are met. Types of business that may resume full or partial operation – subject to using the social distancing and hygiene requirements below: Gardening, building and other trades with no household contact Building wholesale and supply Vehicle servicing, maintenance and repairs (including cars, bikes and marine) Property sales, rentals and business transactions Business activities which are not permitted: Services requiring personal contact – non-essential …

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Richard Digard’s column – What about the other virus victims?

Richard Digard, ex-Guernsey Press Editor, produces a regular column in the newspaper. His latest article, published on Friday 17 April, includes a number of the key recommendations the CGi has been making to the States of Guernsey to help kick start the economy in light of the current restrictions. His column can be viewed here: https://guernseypress.com/news/voices/richard-digard/2020/04/17/what-about-the-other-virus-victims/

CGi Membership fees

Given the unprecedented times we are all currently facing, and the financial impact it is having on our businesses, the CGi is willing to delay the settlement of the 2020 subscription fees for members. Please contact Peter Miller, treasurer, via enquiry@thecgi.net

April update from CGi Chairman

Dear all I write to update you with progress on our discussions with politicians and senior civil servants as we collectively look to support our local industry. Thank you for all of your feedback over the past two weeks, all of which has been relayed to these contacts. The States are working extremely hard in extraordinary times. The business measures introduced are just the first of these programmes as the States tries to support us through the crisis and also plan for the potential of a longer haul recovery. The initial measures may not be considered sufficient in some eyes, …

Read MoreApril update from CGi Chairman

SoG COVID-19 Business SUPPORT APPLICATION HELPER

The States of Guernsey Business Support Team have released the application forms for Small Business Grants and Payroll Co-Funding. With many thanks to the assistance from Richard & Carol-Anne Stapley (Richard Stapley Chartered Accountants) and Sarah Hancock (Brehon Accountants Limited) who worked with the States’ team, they have put together the following Frequently Asked Question list to help you with your applications: (revised) As a business owner can I count myself as one of the employees on the Payroll-Co Funding Scheme as well as applying for a Small Business Grant?If you are self employed for social security you cannot  claim …

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Business guidance at 29/3

The Guidance to Business was updated on Sunday 29th March and changed some of the previous advice. It is important to appeciate that the situation is very dynamic and subject to change at anytime. The State’s own website is where you will read it first and news is usually announced first on Twitter – follow @govgg The CGi remains in daily contact with officers in the States of Guernsey who are putting together all of the Business Support measures. Our feedback from business is being incorporated into their guidance and policy as best they can, balancing the needs of following …

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States confirms new measures for local business

The States has updated us this morning on a new raft of measures designed to support local businesses. This information is not yet available on-line but a precis of this is as follows: Pay-roll co-funding scheme – The States will pay employees an amount equivalent to 80% of Guernsey’s minimum wage. This is currently set at £8.50 per hour for adults and for a 35-hour week, equates to £238. This will be for an initial period of three months. Grant to businesses – £3,000 to all businesses with fewer than 10 employees. Hardship fund – This is being administered by …

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Details of financial measures to support the Guernsey economy

The Policy & Resources Committee has set out an initial package of financial measures to help businesses and individuals deal with the financially onerous impacts of the Covid-19 public health crisis. The headline measures are: Deferral of Social Insurance; Deferral of Commercial TRP; Deferral of rent payments to the States of Guernsey by business tenants; Suspension of mooring fees for commercial fishermen; Establishment of a scheme to support banks in providing liquidity to businesses; Establishment of a £5m ‘hardship’ fund To fund these steps, the Policy & Resources Committee will submit an emergency policy letter for consideration by the States, …

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P&R proposes business support measures

In a statement to the meeting of the States of Guernsey, Gavin St Pier updated the house on a number of matters relating to the general response to Coronavirus pandemic intended to protect the public and then went on to outline support for businesses. He announced that the States of Guernsey P&R committee have moved quickly to propose a series of measures to help all non regulated Guernsey businesses deal with the impact of the Corona virus. The proposals include deferral of Social Insurance payments, deferral of Commercial TRP, the establishment of a hardship fund and other measures. The proposals …

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Essential Travel Guidance updated

Update 19/3/2020: Further to details below The States of Guernsey published details concerning Critical Travel and Compassionate and Medical Travel including details applying to Critical Workers to whom specific exemptions may apply. More details on SoG website here. The Director of Public Health is advising all Guernsey residents to consider avoiding all non-essential travel to and from the Bailiwick. This follows the decision by the World Health Organisation (WHO) to declare a COVID-19 Pandemic. Dr Nicola Brink yesterday informed the States of Guernsey Strategic Coordinating Group that, following analysis of the numbers of confirmed cases worldwide and the evidence of …

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States issues further advice on Coronavirus for businesses

As the situation regarding the SARS-CoV-2 virus evolves, Public Health Services (PHS) has today updated advice for travellers returning to the Island. PHS has today added the following countries to Group B – travellers need to isolate if they return with symptoms (however mild): ·         France ·         Egypt ·         Tenerife (returning since 17th Feb) Detailed information is available at www.gov.gg/coronavirus  

NED development programme

WE are working with the GTA to find the next generation of Non-Executive Directors (NED) on-island. Guernsey needs a decent pool of board-ready directors and the programme helps with their transition and training as it is widely accepted that NEDs add significant value to a company and the wider economy. The development programme has been designed to support the progression and transition of local talent wishing to become an NED. It aims to diversity the NED pool and helps the transfer of knowledge and skills from experienced directors onto the next generation. This unique is different to others, as in …

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December news from the Federation

WELCOME to our last newsletter of this year. It has been busy of late as we support local industry and try to make Guernsey a better place in which to live and work. We recently met with Deputies Le Clerc and Yerby, of Employment & Social Security, along with the G4 (IoD, Chamber and GIBA) to discuss the proposed discrimination legislation. We all have concerns with elements of the proposals and the apparent need to rush through its introduction before the next general election in May 2020. Whilst the meeting was positive in some respects, it remains to be seen whether …

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Updated advice for businesses at 27/3

THE States has today provided updated instructions for local industry, which in essence, advises which types of businesses can and cannot trade. The list of those that CANNOT operate has been extended to cover the following types: o Licensed premises (pubs and clubs)o Takeaway food premiseso Beach and other kioskso Cinemas and theatreso Restaurants and cafeso Retail outlets, other than certain essential retail outlets (see revised list A below)o Librarieso Community and youth centreso Car, boat and bicycle repair, other than to repair vehicles of essential workers (see below) o Indoor and outdoor leisure facilitieso Outdoor trades, apart from for …

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