COVID-19 UK Government Funding and other liquidity options

April 07, 2020

As the impact of the COVID-19 coronavirus continues to play out, many entities need to rapidly assess their liquidity availability.

As part of that, the UK government has (in conjunction with, in some cases, the Bank of England) introduced a number of funding and support measures intended to address the potential impact of COVID-19 on businesses operating across a range of industries. There has now been announced the Coronavirus Job Retention Scheme, various business rate and grant reliefs, an extension of the HMRC time to pay tax arrangements, statutory sick pay relief for small and medium sized businesses and deferral of VAT payments.

A summary of the Covid Commercial Financing Facility, the Coronavirus Large Business Interruption Loan Scheme and the Coronavirus Business Interruption Loan Scheme initiatives announced to date is set out below.

Read 'COVID-19 UK Government Funding and other liquidity options'.

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