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 liverpoolinwork@liverpool.gov.uk. 

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.

Private lenders

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

Companies House has produced guidance if coronavirus has affected your company and you need more time to file your accounts. 

Further advice and support