Coronavirus - support for businesses and employers
Other sources of support for businesses
Covid Commercial Financing Facility
The Covid Commercial Financing Facility is a major new scheme being launched by the Bank of England will help companies which make a material contribution to the UK economy to bridge coronavirus disruption to their cash flows through loans. Up to 12 months support is on offer.
Time to Pay arrangement
A dedicated helpline has been set up by HMRC to support businesses and self-employed people in financial distress and with outstanding tax liabilities to receive support with their tax affairs.
Through this, businesses may be able to agree a bespoke Time to Pay arrangement. If you run a business or are self-employed you can call HMRC on 0800 0159 559.
Help with workforce issues
Should a business find themselves in the difficult position of having to lay off staff during this unprecedented period, Liverpool City Council's – Liverpool in Work team can offer assistance, email firstname.lastname@example.org.
Bank of England measures
The Bank of England has announced a comprehensive package of measures to help UK businesses bridge across the economic disruption that is likely to be associated with coronavirus.
A number of private lenders are also making funds available to small businesses impacted by coronavirus. Banks that have so far announced making funds available include £2bn from Lloyds Banking Group and £5bn from NatWest.
Companies House has produced guidance if coronavirus has affected your company and you need more time to file your accounts.