07 Apr COVID 19 Business Update
Further to previous updates, the latest information to support businesses through COVID19 are detailed below, please continue to share these updates throughout your networks. As ever please keep an eye on the business hub online
Extended Coronavirus Business Interruption Loan Scheme (CBILS)
The Government has extended 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.
Please find further details here: https://bit.ly/UpdatedCBILS
New Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The new CLBILS will ensure that more firms are able to benefit from government-backed support during this difficult time. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million.
Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month.
Please find initial details here: https://bit.ly/NewCLBIL
Coronavirus (COVID-19): business support grant funding – guidance for businesses
Guidance for businesses setting out details of the Small Business Grants Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF).
Coronavirus (COVID-19): letter to the construction sector
Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma, has written to the UK’s construction sector, paying tribute to all those who are working within the industry. The Government has advised that wherever possible, people should work at home. However, we know that for many people working in construction their job requires them to travel to their place of work, and they can continue to do so. This is consistent with the Chief Medical Officer’s advice. The industry has worked to develop Site Operating Procedures (SOP), which were published by the Construction Leadership Council. These align with the latest guidance from Public Health England. As this health guidance updates, the SOP will reflect any changes.
COVID-19: guidance for the public on mental health and wellbeing
Advice and information on how employees can look after their mental health and wellbeing during the coronavirus (COVID-19) outbreak.
Coronavirus (COVID-19): temporary changes to driver certificate of professional competence(CPC) requirements
The Department for Transport have set out temporary changes to allow bus and lorry drivers who cannot complete compulsory CPC training to continue to drive.
Moving goods through customs during the coronavirus (COVID-19)
Find out about moving goods and clearing customs during the coronavirus (COVID-19) outbreak.
Customs authorisations during the coronavirus (COVID-19)
Find out about temporary changes to customs policy and authorisations to assist businesses during the coronavirus (COVID-19) outbreak.
Support for community groups, charities and sports clubs.
CAF CORONAVIRUS EMERGENCY FUND
This Fund is to help smaller charitable organisations in the UK affected by the impact of Covid-19. Grants of up to £10,000 are available.https://www.cafonline.org/charities/grantmaking/caf-coronavirus-emergency-fund
Community Emergency Fund
This new fund aims to help community sport and physical activity organisations who are experiencing short term financial hardship or the ceasing of operations due to the ongoing coronavirus crisis- https://www.sportengland.org/how-we-can-help/our-funds/community-emergency-fund
Calderdale Business COVID19 Team