Coronavirus Advice Hub

As the Coronavirus continues to impact the operations of businesses, learn more about the steps that Chamber members can implement to minimise impact on local communities and support the UK government’s strategy.

A full range of business support measures have been made available to UK businesses and employees. 

All information can be found here on the government’s website. This helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply.

*Pages last updated 3rd April 2020*

 

To share your thoughts and experiences, please contact us:
select@lincs-chamber.co.uk
01522 523333

 

Latest news

 

NEW – Coronavirus Business Interruption Loan Scheme (CBILS) updated

The Chancellor Rishi Sunak is today (Friday 3 April) taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.

More than £90 million of loans to nearly 1,000 small and medium sized firms have been approved under the government’s Coronavirus Business Interruption Loan Scheme (CBILS) since its launch last week.  And a government-backed scheme to provide financing to larger companies, being operated by the Bank of England, has also provided almost £1.9 billion of support to firms and a further £1.6 billion has been committed.

 

To maximise the support available, the Chancellor is extending the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time.

The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. The government will continue to cover the first twelve months of interest and fees.

Click here to find out more