The background
A compensation scheme has been put in place for businesses affected by the 2017 Bilston Road Midland Metro Alliance tram track replacement works.
An independent assessor has been appointed to act impartially to assess claims - and their decision will be final.
The initiative includes an independently administered financial assistance package specifically targeted towards businesses with turnovers of £500,000 or less, who were directly impacted by construction works. A map detailing the route can be found in the download section.
The financial assistance package
To help self-assess eligibility a simple flow chart (see downloads section) has been designed to help applicants access the assistance which might be available to them.
The financial aspects of the scheme are being independently administered by RSM UK Tax and Accounting Ltd to ensure fairness and objectivity in determining applications as part of a process which is separate from Transport for the West Midlands (TfWM) and its delivery partners. RSM have experience of working as the independent assessor on other Midland Metro Alliance schemes.
There are three levels of support for small businesses who were trading between July 1 and December 22, 2017 and have an annual turnover of less than £500,000.
Businesses must also have been trading between July 1 and December 22, 2017.
Eligible businesses can apply for a proportion of losses up to a cap of £17,047. This is subject to the submission of properly documented accounts to the scheme administrator.
The levels are:
- Turnover up to £175,000 – financial assistance up to 70% of lost profit
- Turnover of between £175,000 and £350,000 – financial assistance of 60% of lost profit
- Turnover of between £350,000 and £500,000 – financial assistance of 50% of lost profit
If, after reading the criteria, you believe you may be eligible for support, please use the contact form at the foot of this page to contact the independent administrator.
How to get in touch
If you believe you are eligible for support, please use the form below to make initial contact with the independent administrator, RSM UK Tax and Accounting Ltd.
At this stage there is no need to provide any details to support your application. RSM will acknowledge receipt of your message and take you through the application process by requesting more detailed information.
The scheme’s administrator is: Neil Hankinson, Manager, RSM UK Tax and Accounting Limited, St Philips Point, Temple Row, Birmingham B2 5AF. Telephone: 0121 214 3100.
