The strain on business due to Covid-19, the coronavirus, is causing disruption all over the world. However, there are some actions that you can take to get help and ease that strain.
The government has announced a range of funding and relief for affected businesses. There are now loans being offered to those feeling the strain.
Additionally, the government are paying for 14 days of statutory sick pay if you should fall ill due to coronavirus, available from the first day, for businesses with fewer than 250 employees.
The business interruption loan scheme has been massively expanded from £1.2m to £5m. Grants and business rate reliefs are also available for the retail, hospitality and leisure sectors. In addition to these, the proposed changes to IR35 have been pushed back another year to 2021.
There are also a number of business disaster planning tools that can help you to weather the strain, repurpose your organisation and avoid drifting into the red.
If you would like to discuss business support during this difficult time, don't hesitate to contact us at Alembic.
Click here for the latest Covid-19 advice from the UK government.
We can also offer support and guidance through such unprecedented events, enabling you to not only survive, but thrive. Find out how we can assist by reaching out to our strategy team.
Alongside our regular business toolkit, we’re offering Disaster Scenario Planning support. Our suite of tools can be used to diagnose, evaluate and carve a strategic pathway forwards. Our service can help you strengthen your position, repurpose your team, and stride more confidently into an uncertain world.
Our ambition is to minimise the loss of businesses that were great in 2019 to a virus that’s threatening the world in 2020.