NTIA supports the #ForgottenLTD campaign

By May 9, 2020BLOG

#ForgottenLtd is a grass roots campaign calling for the fair and equal support for small business owners, left vastly unsupported by the government support schemes launched in response to CoVid19 and the lockdown. Small limited companies do not qualify for any meaningful government support and taking on debt is not a solution.

Without support for small businesses and their owners we run the risk that there will be catastrophic impact on local communities across the UK. Currently many are surviving with zero personal income and if they are home based, mobile or working from a shared space they will not have qualified for a grant either. The quandary for owner directors is that if they furlough they cannot work on their business to prepare it for the upturn. This is a crazy situation to be in and grossly unfair, when the self employed will receive income support and continue working.

If risk-takers, innovators, creators and entrepreneurs are not supported now, how can they save 2 million limited companies and the livelihoods of their 7.5 million employees?

What are we campaigning for?
We are calling on the government to immediately:

Protect our incomes by extending SEISS to encompass small limited company directors based on all income for the last 3 years capped at £2,500 To include PAYE (except where already furloughed), dividends and/or income classed as repayments to a director’s loan for companies not in profit

We also call on the government to:
Allow furloughed directors to continue to work No one should be forced to abandon their businesses, nor punished for unwittingly undertaking any action that may be deemed fraudulent. We need to be in the strongest position possible to emerge from this crisis intact and to play our part in the countryʼs economic recovery
Extend Business Support Grants to all small businesses We need support now to save and sustain our businesses
Demonstrate a plan for the sustainable future of small businesses – we need clear guidance on what the exit strategy ʻcouldʼ look like and how small businesses can aim for a return to some semblance of ʻnormalʼ – while existing support packages must be extended, we need support now and to get through the inevitable recovery process
If you would like to join the campaign you can visit our website www.ForgottenLtd.com or find us on Facebook, Instagram, Twitter and YouTube @ForgottenLtd

Please get involved and make your voice heard.

#ForgottenLtd are asking for parity. We are asking not to be forgotten

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