Update on Government Support
BEIS working safely webinars: https://bit.ly/BEISWebinars
Following on from the government’s recent publication of workplace guidance, produced in consultation with industry, the Department for Business, Energy and Industrial Strategy will be hosting a series of free webinars to help businesses make their workplace COVID-secure.
The webinars cover a range of types of workplace settings that are allowed to be open. Many businesses operate more than one type of workplace, such as an office, factory and fleet of vehicles. You may need to use more than one of the guides/webinars as you think through what you need to do to keep people safe.
Webinars start from Wednesday 27th May and will run until Tuesday 2nd June – for more details and to sign up, please use the link above.
Coronavirus Large Business Interruption Loan Scheme: https://bit.ly/CLBILSUpdate
The government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme from £50 million to £200 million.
Loans under the expanded scheme will be made available to large businesses affected by coronavirus from next week.
Changes also mean companies receiving help through CLBILS and the Bank of England’s Coronavirus Corporate Financing Fund will be asked to agree to not pay dividends and to exercise restraint on senior pay.
Coronavirus Statutory Sick Pay Rebate Scheme: https://bit.ly/SSPLaunchDate
The recently announced Coronavirus Statutory Sick Pay Rebate Scheme will go live from 26th May, when a new online service will be launched for small and medium-sized employers – with fewer than 250 employees – to recover Statutory Sick Pay (SSP) payments they have made to their employees.
Employers will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13 March 2020.
Full guidance can be found here: https://bit.ly/SSPRebateScheme
To support businesses to restart their operations, we have been sharing videos of how different companies have effectively applied social distancing measures in their workplaces, via @Cabinetofficeuk and @HMGnorth
The link above is an example of Portakabin explaining how they are ensuring safe working in their factory, yards and customer sites. Any support you can provide to circulate these case studies through your own social media channels would be greatly appreciated.
Future Fund launch: https://bit.ly/CV19FFLaunch
The government’s £500 million Future Fund opens for applications today with innovative and high-growth British businesses able to secure investment to help them through the Coronavirus outbreak.
UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries.
Fast Start Competition: https://bit.ly/CV19FastStart
In addition to the Future Fund, Ministers have allocated £40 million through the Fast Start Competition to drive forward new technological advances, and to support innovative start-ups, including a virtual-reality surgical training simulator and an online farmers’ market platform.
This will give companies a vital boost, fast-tracking the development of innovations borne out of the coronavirus crisis.