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Help for business in light of coronavirus

Discover vital support available for businesses affected by coronavirus.

Business support from the UK government

Coronavirus Business Support

HM Government 24-03-2020

Government portal listing the full range of support measures available for UK businesses with information on how to access financial support packages, who is eligible, when the schemes open and how to apply. These cover the Coronavirus Business Interruption Loan Scheme; business rates holiday and cash grants for retail, hospitality and leisure; small business grant funding; SSP rebate; VAT and income tax deferral. There is additional separate guidance for businesses in Scotland, Wales and Northern Ireland.

The Business Finance Guide

ICAEW and British Business Bank 30-03-2020

Website developed by ICAEW and the British Business Bank offering independent information to business owners, management teams and their advisers. The site features a new guide to support businesses experiencing financial challenges as a result of COVID-19, Economic Uncertainty: Working Capital Solutions.

COVID-19: support for businesses

GOV.UK 23-03-2020

Summary of the package of measures to support businesses announced by the UK Government including statutory sick pay relief package for SMEs and small business grant funding.

ICAEW insights

Webinar: COVID19 Government Support - what we know

If you want clarity on what has been announced so far and what are the common questions being raised, we will look to explore these with regards to grants, loans, employees and self-employed. This webinar covers who is eligible for the Job Retention Scheme; how business rates holidays and cash grant schemes will work; how businesses can borrow from the Business Interruption Loan Scheme;and what ICAEW Chartered Accountants can do now.

Helplines

COVID-19 helpline for Scottish businesses

Scottish Government 13-03-2020

Details of a new helpline launched in Scotland to provide advice and guidance to businesses. The service also aims to help the Scottish Government identify challenges facing organisations during the coronavirus outbreak.

Announcements of new measures

Further businesses and premises to close: guidance

Cabinet Office, Ministry of Housing, Communities and Local Government 26-03-2020

Official updated guidance on the types of businesses and premises that must remain closed during the COVID-19 pandemic, alongside detailed information about the exceptions. The guidance also gives advice on repair and maintenance work carried out in people's homes by tradespeople.

6-month exemption from MOT testing

25-03-2020

This temporary exemption from vehicle testing will enable vital services such as business deliveries to continue, frontline workers to get to work, and people to get essential food and medicine.

£2.2 billion for business

Scottish Government 18-03-2020

Announcement by the Scottish Government of a package of measures to support businesses, including a full year's 100% non-domestic rates relief for retail, hospitality and tourism companies and grants for small businesses.

HM Treasury and the Bank of England launch a Covid Corporate Financing Facility (CCFF)

Bank of England 17-03-2020

HM Treasury and the Bank of England has announced a Covid Corporate Financing Facility (CCFF) to provide additional help to larger firms to bridge through coronavirus-related disruption to their cash flows. The facility will provide funding to businesses by purchasing commercial paper and will operate for at least 12 months.

Chancellor announces additional support to protect businesses

HM Treasury 17-03-2020

Information on measures announced by the Chancellor to support firms. These include a major new scheme launched by the Bank of England to help businesses bridge Coronavirus disruption to their cash flows through loans, increasing the amount businesses can borrow through the Coronavirus Business Interruption Loan Scheme, and £20 billion of business rates support and grant funding to help the most-affected firms.

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