Craning Their Necks Key Contact: James Williams Author: Mark Summers Construction’s leaders turn their sights to the post COVID-19 recovery This week the Construction Leadership Council (CLC) – a high-profile organisation which brings together contractors, clients, academics and other key stakeholders in the industry – published its “Roadmap to Recovery”; a detailed set of proposals to guide...Read More
Future Fund Opens for Applications Key Contact: Phil Pugh Author: Chris Doherty Applications for the Future Fund, a £250 million fund to support innovative companies which are facing financing difficulties due to the coronavirus outbreak, have been open since Wednesday 20 May 2020. The Fund has already attracted significant interest, with reports that demand almost immediately surpassed...Read More
Furlough extended – again Key Contact – Claire Knowles Author – Rebecca Mahon At lunchtime today Rishi Sunak confirmed that the coronavirus job retention scheme (or “furlough” scheme) will be extended to the end of October. This announcement comes not much more than 24 hours after Boris Johnson announced that if you can’t work from home,...Read More
BREAKING NEWS: Furlough Scheme extended by four months Key Contact: Christian Farrow Author: Chris Doherty This afternoon, the Chancellor of the Exchequer Rishi Sunak confirmed that the Coronavirus Job Retention (“Furlough”) Scheme will be extended to October. Employees unable to work due to the impact of the Coronavirus outbreak will continue to receive 80% of their monthly...Read More
Lockdown restrictions to ease in England Key Contact: Christian Farrow Author: Chris Doherty The Prime Minister Boris Johnson provided an update on Sunday evening on the Government’s proposed changes to lockdown restrictions in England, the first small steps towards reopening the nation after nearly two months of lockdown. The Government’s new message to people in England, “stay...Read More
Applications for the Bounce Back Loan Scheme open today Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan Scheme (BBLS) opens today to help small and medium-sized businesses borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any interest on the loans for the first 12...Read More
Rishi Sunak has unveiled 100% state-backed loans for small firms Key Contact: Christian Farrow Author: Elena Visser The Bounce Back Loan scheme has been unveiled to help small and medium sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there will not be any fees or interest to pay...Read More
Cost Savings Following Furlough – The Importance of Planning Ahead Key Contact – Claire Knowles Author – Mark Alaszewski The Coronavirus Job Retention Scheme (the Scheme) has dominated employment law discourse over the past few weeks and has now both launched and been extended. The Scheme provides temporary support for businesses, lasting from 1 March until 30...Read More
Treasury considers 100% guarantee on ‘micro-firm’ loans Key Contact: Christian Farrow Author: Elena Visser It has been reported that Rishi Sunak is preparing to offer 100% guarantees on loans up to £25,000 for the UK’s smallest firms after sustained pressure from Conservative MPs and the Bank of England. It is not clear yet how the Treasury will...Read More
New Measures to protect UK high street from aggressive rent collection and closure. Key Contact: Christian Farrow Author: Elena Visser The government has announced new measures to safeguard the UK high street against aggressive debt recovery actions. Statutory demands and winding up petitions issued to commercial tenants are to be temporarily voided and changes made to the...Read More
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