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The Business Finance Guide presents

Managing cash
in times of change

This guide is designed to support businesses experiencing financial challenges as a result of COVID-19, EU Exit and other economic interruptions

Guide

COVID-19

Guidance for businesses whose operations are or may be directly impacted by COVID-19

Timeline

Economic uncertainty in 2020

The facts

20.05.20

Future Fund opens

Future Fund, designed for companies that typically rely on equity investment, opens for applications.

04.05.2020

BBLS launched

Bounce Back Loan Scheme (BBLS), aimed at businesses requiring smaller loans, opens for applications

20.04.2020

CLBILS launched

Coronavirus Large Business Interruption Loan Scheme (CLBILS) opens for applications

02.04.2020

CBILS expanded

Coronavirus Business Interruption Loan Scheme (CBILS) expanded to benefit more smaller businesses across the UK

26.03.2020

Self-employed scheme announced

Chancellor announces Self-Employment Income Support Scheme for self-employed workers

23.03.2020

CBILS launched

Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications

20.03.2020

Wage subsidy announced

Government announces it will subsidise 80% of staff wages for some businesses through its Coronavirus Job Retention Scheme

19.03.2020

Further cut to interest rate

Bank of England again cuts interest, this time to 0.1%

17.03.2020

Rescue package announced

Chancellor announces £330 billion package of financial support

11.03.2020

Interest rate cut

Bank of England makes an emergency cut to interest rates

11.03.2020

Budget unveiled

Chancellor’s spending plans include business interruption loans and a suspension of business rates

Quotes
"In terms of guidance regarding COVID-19, we urge businesses to contact their finance providers early to discuss how they can support themselves and their clients and customers through the coming weeks.”

Stephen Jones, Chief Executive, UK Finance

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