Businesses in the UK are still feeling the effects of the coronavirus pandemic and government aid is proving to be underwhelming. So, to help with the effort, one of the UK’s biggest investors has announced their intention to pledge £15 billion to help smaller businesses that are struggling to repay state-guaranteed coronavirus loans. Below we briefly explain the nature of …
Applications for UK furlough scheme to end
On Tuesday 26 May 2020, Chancellor of the Exchequer, Rishi Sunak, announced that the UK government will stop accepting new applications for its furlough scheme to mitigate the effects of the coronavirus lockdown. In light of this news, this article discusses the aims of the UK furlough scheme and what prohibiting new applications could mean for your business and your …
Work after the lockdown ends: Legal considerations
Over the last few weeks, we have seen the lockdown restrictions eased in the UK and some people have been encouraged to go back to work. However, questions still remain regarding health and safety and the actions that employers must take to prepare for a post-lockdown workplace. Below we discuss what employees and employers can do when returning to work. …
Coronavirus Job Retention Scheme extended to October – What is changing?
The UK government has announced that the Coronavirus Job Retention Scheme, one of the measures introduced to assist businesses during COVID-19, will be extended until October 2020. We explain below what the scheme is, what changes have been made, and shed some light on what this means for employers and employees. What is the Coronavirus Job Retention Scheme? The Coronavirus …
Bounce back loan: New help for small businesses
The UK government has launched a new help for small businesses, the Bounce Back Loan Scheme (BBLS). The scheme was launched on 4th May 2020 and aims to provide financial support to businesses impacted by the Covid-19 outbreak but can’t access coronavirus funding quick enough. Businesses can apply to accredited lenders by filling out a simple online form. It offers …
Commercial leases in the time of coronavirus
The outbreak of the coronavirus has raised many questions for occupiers of commercial properties. If you are a tenant during these uncertain times, you are likely to be concerned not only about keeping your overall business going but also about protecting your rights as a tenant. We discuss below your options at this stage and share our suggestions on how …
Tips for getting through COVID-19 with your business intact
Covid-19 is creating struggles around the globe and all economies are being impacted, leaving many small businesses owners uncertain about their future. But we will get through it, together. There are a number of things you can do to protect your business so that you have the potential to come out of this stronger, better and more resilient than ever …