Coronavirus UK Key Updates thread

Having reached a stage in the daily briefings where there ismore information and reminders in the daily government briefing we will now limited any updates to this thread.

For useful links on financial aid for Business SMEs and the self-employed we have produced a handy eBook cheat sheet for all the schemes along with links and numbers which you can download as a PDF here

We will include any further government upates in this thread.
 
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The Financial Conduct Authority is proposing measures to help people struggling to pay motor finance and high cost credit customers.

See full summary here ---> [read more]
 
Coronavirus Job Retention Scheme opened for application.

Government stated that all successful applications will receive funding within 6 days

see here -> https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
 
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Feb 25, 2020
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Bounceback loans - Further detais have been released about the Bounceback Loans, designed to help small business to borrow up to £50k. Companies can apply from May 4th.

Our sources say that thelenders are being aggressively encouraged by government to provide loans, and to do so quickly (as in days, not weeks) so this might be the best bet for you if you have a small business to apply a quickly as possible. It can be used in conjunction with the Business Relief Scheme. We will update once we have more information released

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
 
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