Industry Leadership

Coronavirus

Government Support & Guidance

Business and Financial Support 

The UK government is enacting a range of measures to support businesses dealing with the impact of the virus. The government has  launched its Business Support website to help businesses find the right support, advice and information to help with the impact of COVID-19. The Department for Business, Energy and Industrial Strategy has also summarised a number of these measures on its website. Of particular note are the following:

  • Coronavirus Job Retention Schem. Employers can now claim online for a grant for 80% of their furloughed employees’ salaries, up to a maximum of £2,500 per employee. Make a claim. More information can be found in the government’s step by step guidance.
  • The Bounce Back Loans scheme, announced by the Chancellor, will allow businesses to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and from Monday 4 May, businesses can apply online through a short and simple form. The scheme is open for application. Find out more.
  • Apply for the Coronavirus Business Interruption Loan Scheme - helps small and medium-sized businesses affected by coronavirus (COVID-19) to access finance of up to £5 million. Find out more.
  • Apply for the Coronavirus Large Business Interruption Loan Scheme - helps large businesses affected by coronavirus (COVID-19) to access loans of up to £25 million. Find out more.
  • The Future Fund will provide UK Government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be a suitable option for businesses that typically rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.
  • HM Revenue & Customs has announced that the introduction of the domestic reverse charge for construction services will be delayed from 01 October 2020 until 01 March 2021 due to the impact of the coronavirus on the construction sector.
  • The Government launched a Trade Credit Reinsurance scheme with up to £10 billion of backing, that will see the vast majority of Trade Credit Insurance coverage maintained across the UK until 31 December, backdated to 01 April. The manufacturing and construction sectors are amongst the largest users of Trade Credit Insurance.

Health and Safety Advice 

The Prime Minister, Boris Johnson, addressed the nation on Sunday 10 May, where he outlined plans to begin restarting the economy. He 'actively encouraged' construction and manufacturing workers to return to work. Useful guidance includes:

Other links that might also be of use to our members:

HSE Updates: