Covid-19 measures to 27 April 2020

This is the latest summary we have of all the government initiatives to support business.

·         Bounce back loan scheme launched with 100% government guarantee.

·         Possible shape of Coronavirus Job Retention Scheme after the end of June.

·         Abandonment of requirement for forward-looking financial information or business plans when applying for business interruption loans.

·         Temporary ban on use of statutory payment orders and winding up orders for non-payment of commercial rents.

·         Government’s business support finder tool introduced.

·         FCA confirms three-month payment freeze for motor finance, buy-now pay-later, rentto-own) and pawnbroking agreements.

·         One month interest-free payment freeze for high cost short term credit ordered by FCA.

·         Promise from Chancellor of more detail on Self-employed Income Support Scheme in the coming week.

Full details in the latest briefing below

Covid-19_Measures_to_27_April_2020.pdf