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*
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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.
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