Updated Information on how small businesses and the self-employed can weather Covid 19 – March 30th, 2020

I want to try and keep the information as clear and as simple as I possibly can for everyone, so I won’t be writing out everything again, I will just be writing out the highlights.

It was a fairly quiet weekend in regards to announcements for businesses – I think they are keeping the business-related items to during the week.

They did announce at the briefing yesterday that things may need to continue for much longer than expected, but that the plans are being reviewed every 3 weeks.

There was an announcement late on Saturday about the government is going to be relaxing the rules around insolvency for businesses affected by Covid-19. Businesses that are undergoing a rescue or restructure process will be allowed to continue trading, which will give them breathing space that could potentially help them to avoid insolvency. There hasn’t been any clear information yet on what this actually means, but here is a link to the press release: https://www.gov.uk/government/news/regulations-temporarily-suspended-to-fast-track-supplies-of-ppe-to-nhs-staff-and-protect-companies-hit-by-covid-19

I will be doing some fb lives next week on the self-employed support scheme, the job retention scheme, as well as a more general one to cover all of the support available to businesses, so keep an eye out for those on the FaceBook page. I will also be putting together some fact sheets about each of the schemes available so that all of the information is in one place.

The information and policies are continually being updated by the government, so I urge you to keep on top of the information by visiting the relevant website for your area.

Scotland: https://www.gov.scot/coronavirus-covid-19/
Wales: https://gov.wales/business-and-employers-coronavirus
Northern Ireland: https://www.nibusinessinfo.co.uk/

I will be trying to keep myself as informed as possible and will share relevant information on my fb business page: https://www.facebook.com/ihelmenterprises/

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