COVID-19 SUPPORT: Daily Update – Tuesday 14 April 2020 Key Contact: Christian Farrow Author: Elena Visser UK Government to provide an extra £350 million to tackle coronavirus in Wales Rishi Sunak has announced that a further £350 million will be made available, on top of the £250 million that has already been allocated to Wales...Read More
COVID-19 SUPPORT: Daily Update – Thursday 9 April 2020 Key Contact: Christian Farrow Author: Chris Doherty Support announced for UK charities The Chancellor of the Exchequer, Rishi Sunak, has announced a £750 million package to support frontline charities across the UK to allow them to continue operating amidst the Coronavirus crisis. The package will...Read More
COVID-19 SUPPORT: Daily Update – Wednesday 8 April 2020 Support for Welsh Third Sector and Volunteering The Welsh Government has announced a funding package to support the Third Sector to navigate the COVID-19 outbreak. The £24 million Welsh Government Third Sector Covid-19 Response Fund will support community groups, charities and volunteers and will consist of...Read More
COVID-19 SUPPORT: Daily Update – Tuesday 7 April 2020 Calls for Welsh businesses to create Personal Protective Equipment (PPE) The Welsh Minister, Mark Drakeford, is today calling for Welsh businesses to create a Welsh supply of PPE to support NHS staff and social care workers. New guidance was issued yesterday in the UK in relation...Read More
COVID-19 SUPPORT: Daily Update – Monday 6 April 2020 Additional £20 million funding was announced on Friday to boost the UK’s resilience to coronavirus and similar future circumstances Business that could help protect against the long-term impacts of the coronavirus outbreak and future incidents are to benefit from £20 million government funding announced on Friday....Read More
COVID-19 Support: Latest Developments- Friday 03 April 2020 Government overhauls Coronavirus Business Interruption Loan Scheme The Government has introduced changes to the Coronavirus Business Interruption Loan Scheme (CBILS), to improve the accessibility of emergency funding. The scheme has come under criticism since it launched last month, with firms reportedly deterred from accessing the support...Read More
Banking and Business during COVID-19 Key Contact: Christian Farrow Author: Chiara Howfield News from the ground With predictions that the UK will enter into a recession, certain institutional banks such as NatWest, Barclays and Santander have agreed to suspend payments to shareholders with a view of freeing up billions of pounds worth of cash. The...Read More
COVID-19 SUPPORT: Daily Update – Thursday 2 April 2020 Further support for Welsh businesses The Welsh Government has announced further support for Welsh businesses amidst the Coronavirus outbreak. The new support packages will build upon the relief already available to businesses through the UK and Welsh Governments. The new schemes are targeted towards businesses in...Read More
Changes to UK Insolvency Laws Key contact: Christian Farrow Author: Chris Doherty The Government has proposed emergency changes to the UK insolvency laws which will offer additional protection to businesses in financial distress as a result of the Coronavirus outbreak. A “temporary moratorium” will be available for businesses unable to meet their debts due to...Read More
COVID-19 SUPPORT: Daily Update – Wednesday 1 April 2020 High Street benefits from £22 billion grants and business rates package From today, many high street firms will begin to receive £25,000 cash grants. They will also be exempt from business rates as part of a £22 billion package to help those affected by the coronavirus...Read More
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