Coronavirus: useful links

As the COVID-19 outbreak escalates, daily Government announcements are being made to help businesses and individuals manage the impact of the virus on their financial positions.

We intend to keep you up to date with the latest announcements as they happen, other useful sources to browse are in the links below.

For the latest updates and guidelines from the Government visit their website.

We have compiled, and will continue to update, a list of useful links for you and your business:

 

Guidance for employees, employers and businesses

Guidance to assist employers, businesses and their employees in addressing COVID-19 here.

 

Government support for businesses

A £330bn package of support has been pulled together to help businesses, read more about that package here.

 

Coronavirus Business Interruption Loan Scheme (CBILS)

CBILS will be delivered by the British Business Bank and their partner providers, businesses can to apply for a loan of up to £5 million, with the Government covering up to 80% of any losses with no fees.

Businesses can access the first 12 months of that finance interest free, as Government will cover the interest payments.

Businesses need to approach participating banks and lenders to apply.

For more information about this scheme visit the British Business Bank website.

 

Coronavirus Business Interruption Loan Scheme (CBILS)

The Loan Scheme, delivered by the British Business Bank in conjunction with the partner providers, will enable businesses to apply for a loan of up to £5 million.

Businesses can access the first 12 months of that finance interest free, as Government will cover 6 months of interest payments.

Businesses need to approach participating banks and lenders to apply.

For more information about this scheme visit the British Business Bank website.

 

HMRC has a set up a helpline to support businesses and self-employed people concerned about not being able to pay their tax due to COVID-19.

Up to 2,000 experienced call handlers are available to support businesses and individuals when needed.

If you run a business or are self-employed and are concerned about paying your tax due to coronavirus, you can call the following helpline on 0800 024 1222.

 

Other useful resources

ICAEW’s UK practical advice – for the latest updates (27.03.20)

East Lancashire Chamber of Commerce Coronavirus Hub – supporting and keeping local businesses up to date

British Chambers of Commerce – for advice for businesses and Government lobbying.

ACAS – to understand your employer responsibilities and best practice.

Lancashire Business Growth Hub – for business support and advice.

Federation for Small Businesses (FSB) – advice for small businesses.

GOV.UK – for the latest business guidance.

HM Government Coronavirus Business Support – to view the full range of business support measures have been made available to UK businesses and employees.

Public Health England – for all the latest health advice.

Blackburn with Darwen Borough Council – support for businesses.

Bury Council – support for businesses.

 

If you have any queries please do not hesitate to get it touch with a member of our team today on 01254 679131.

 

 

This information is correct as of 25 March 2020. This blog is for general guidance only. Recipients should not act upon any of the information provided without seeking specific professional advice tailored to your circumstances, requirements or needs. Please contact PM+M before making any decisions based on any matters relating to this blog.

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