Business Continuity Resources

Virtual repository to collate Business Continuity Resources for Broadcast and Media companies worldwide

As global concern grows due to the coronavirus (COVID-19) pandemic, organizations of all sizes in the Broadcast & Media industry are facing a number of challenges, from employee health and welfare to disrupted supply chains. On this page, IABM have collated regional resources, articles and news stories to help our members to prepare and execute a robust business continuity plan.

We are asking the worldwide Broadcast and Media community to share any official information they have from their country or state with us and we will add onto this repository. With your help, it will be a constantly growing and up to date resource that will be of real value to everyone in the industry – local information on a global scale.

The links and articles on this page do not represent the views or opinions of IABM and are designed to assist member companies.

IABM Coronavirus Impact Tracker
Tracking the the impact of this pandemic on business and how companies are adapting

The Coronavirus Impact Tracker aims to quantify the influence of the global pandemic of COVID-19, commonly known as coronavirus, on the media technology industry.

Global useful links and resources

IBM Aspera Support for Remote Work & Team Collaboration

As many organizations around the world adopt travel restrictions and workfrom- home policies, we recognize that employees of these  organizations may not have everything they need to work remotely. To help our clients maintain business continuity during this difficult period, IBM is eliminating the cost of using the Aspera cloud service for high-speed file sharing and team collaboration for new clients.

Object Matrix Working From Home (WFH) Tips!

Have you ever wondered how you would survive if you had to begin working from home (WFH)?

Some of the Object Matrix team are used to working from home but for the rest of the guys this week is their first real experience of doing so which is why we have created some tips and words of advice.

Get in touch if you have any tips you’d like to share with us!

America

Coronavirus: Senate agrees $1.8tn stimulus package with Trump

A stimulus package worth more than $1.8 trillion (£1.5tn) has been agreed by US Senate leaders and the White House to ease the impact of coronavirus.

It reportedly includes payments of $1,200 to most American adults and aid to help small businesses pay workers.

Department of Homeland Security Issues Guidance on "Essential Workers" During COVID-19 Pandemic

The Cyber and Infrastructure Security Agency (CISA), an agency within the Department of Homeland Security (DHS), has issued several documents that may assist broadcasters seeking to access facilities and locations that are restricted pursuant state or local curfews, "shelter-in-place" and other directives intended to help slow the spread of the novel coronavirus. Early last week, CISA issued two letters stating that the bearer of the letter must be able to travel to and access necessary infrastructure facilities during curfews and restricted travel periods in order to prevent loss of service or restore of critical communications services; and must receive priority access to fuel to execute these activities and for the operation of generators and response fleet vehicles to prevent communications outages.

FCC Grants Regulatory Relief for Local News Sharing Arrangements to Cover COVID-19

On Thursday, March 19, the FCC released a public notice clarifying that stations are not required to reduce to writing or place in their online public files temporary agreements for shared news gathering efforts related to coverage of the novel coronavirus pandemic. When the FCC adopted the requirement to file shared services agreements, it specifically exempted ad-hoc or "on-the-fly" arrangements relating to breaking news. The public notice clarified that coronavirus coverage falls within this exemption. In taking this action, the FCC acknowledged that broadcasters "play an essential role in helping Americans stay safe and informed during the COVID-19 outbreak" and stated that it will continue to work with broadcasters to address operational challenges during this difficult time.

New Resources Available to Stations at NAB Coronavirus Toolkit

NAB is providing new tools and resources, including PSAs from the Red Cross and Ad Council, coverage of what stations are doing to keep their communities informed and more in the NAB Coronavirus Response Toolkit. The tools include guidance on prevention and precautions, creating response management teams and trusted sources. NAB thanks the many stations already running these PSAs, with airings worth up to $10 million in the first week alone.

FCC Announces Repack Deadline Relief

The FCC has agreed to allow any station currently scheduled to change frequencies in Phase 9 of the spectrum repack to move to Phase 10 as a result of the coronavirus outbreak. The FCC Public Notice concerning this issue can be found here. The details for how to make the request are in the public notice. If stations in Phase 9 would still like to transition during this time, they may do so.

Avoid COVID-19 Scams with Free Cybersecurity Online Course for Broadcasters

With the surge of coronavirus email scams from cybercriminals, NAB wants to ensure that broadcasters have the necessary tools and knowledge to keep their stations safe from potential phishing scams and cyberattacks.

Disaster assistance loans from the SBA

The SBA announced it would offer disaster assistance loans for up to $2 million for small businesses affected by the coronavirus. These low-interest loans are available to businesses that have sustained “substantial economic injury” due to the spread of the coronavirus.

The coronavirus response toolkit

The U.S. Chamber of Commerce put together this toolkit to help businesses and citizens alike understand how to navigate the coronavirus. There are guidelines on how small business owners can ensure they are keeping their customers and employees safe.

State-wide initiatives to help small businesses

Since each state’s plan to assist small businesses varies, the best thing small business owners can do is check with their local governor's office for the latest on state specific assistance, resources and updates. You can also check in with local small business organizations and agencies.

Assistance from banks and credit card companies

The SBA announced it would offer disaster assistance loans for up to $2 million for small businesses affected by the coronavirus. These low-interest loans are available to businesses that have sustained “substantial economic injury” due to the spread of the coronavirus.

Federal small business assistance

Plans for federal assistance for small businesses is still underway. The U.S. Chamber of Commerce has called on the Administration and Congress to take critical steps to support America’s employers during this period.

Grants and other assistance from companies and organizations

We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.

Changing Market Demand

Depending on the incident, there may be access controls or movement restrictions established which can impede your customers from reaching your business. Additionally, there may be public concerns about public exposure to an incident and they may decide not to go to your business out of concern of exposing themselves to greater risk.

Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). The Centers for Disease Control and Prevention (CDC) will update this interim guidance as needed and as additional information becomes available.

Capital Access

Incidents can strain a small business's financial capacity to make payroll, maintain inventory and respond to market fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and testing their capital access options so they have what they need when they need it.

Austria

38 MILLIARDEN-HILFSPAKET | ROT-WEISS-ROTES SICHERHEITSNETZ

Mit dem angekündigten Hilfspaket von bis zu 38 Mrd. Euro zeigt die österreichische Bundesregierung, dass sie in dieser schweren Krise an der Seite der Unternehmen und ihrer Mitarbeiter steht.

CORONAVIRUS | WIRTSCHAFTSKAMMERN ENTLASTEN MITGLIEDER

Die Wirtschaftskammern leisten auch selber einen Beitrag, um Liquiditätsengpässe und Zahlungsschwierigkeiten ihrer Mitglieder zu lindern und setzen die Vorschreibung der Grundumlagen für 2020 bis auf Weiteres

CORONA-KURZARBEITSMODELL | JETZT LEICHTER NUTZBAR

Durch die weiteren Erleichterungen bei der Corona Kurzarbeit werden nun bereits ab dem ersten Monat die Dienstgeberbeiträge durch das AMS übernommen...

​ANTWORTEN AUF DIE HÄUFIGSTEN FRAGEN | VON ARBEITSRECHT BIS VERANSTALTUNGEN

Ihre WKÖ-Experten beantworten die häufigsten Fragen zu den wirtschaftlichen Auswirkungen des Coronavirus. Eine Themen-Übersicht (FAQs)

​BRANCHEN-INFORMATIONEN | WIRTSCHAFTSKAMMER ALS ANLAUFSTELLE

Das Coronavirus wirkt sich inzwischen auf nahezu alle Branchen aus. Spezielle Branchen-Informationen und Hilfestellungen erhalten betroffene Firma von der WKÖ

BESTÄTIGUNG | SCHLÜSSELARBEITSKRÄFTE

Für unverzichtbare Mitarbeiter empfehlen wir, eine Bestätigung auszustellen, die bei Bedarf der Polizei vorgezeigt werden kann. Holen Sie sich dazu Ihre Vorlage...

​RÜCKBLICK | WEBINAR ‚PERSONALMASSNAHMEN IN DER KRISE‘

Im Zusammenhang mit dem Corona-Virus gibt es drastische Maßnahmen, die Firmen stark beeinträchtigen. Ein Webinar informierte über arbeitsrechtliche Folgen...

​DEUTSCHLAND | LAGEBERICHT

Vor allem der grenzüberschreitende Warenverkehr sowie Reisen stehen im Fokus der laufend aktualisierten Lageberichte zu unserem größten Handelspartner...

UNGARN | AKTUELLE INFORMATIONEN ZUM GÜTERVERKEHR

Das AußenwirtschaftsCenter Budapest informiert heimische Unternehmen über Auswirkungen des Coronavirus auf Güterverkehr, Geschäftstätigkeit und die Wirtschaft...

​SPANIEN | SITUATION IM ÜBERBLICK

Die AußenwirtschaftsCenter Barcelona und Madrid analysieren im täglichen Bulletin die Coronavirus-Lage: es enthält News, Reiseinformationen und Hinweise für Exporteure....

​CHINA | COVID-19

Unsere Experten in China helfen Exporteuren sowie Niederlassungen, informieren über Rahmenbedingungen und wirtschaftliche Auswirkungen...

ITALIEN | RÜCKBLICK - WEBINAR ‚BUSINESS AS UNUSUAL‘

Tipps aus der Praxis zu COVID-19 in Italien und Informationen, wie heimische Firmen reagieren können, gab es im Webinar des AußenwirtschaftsCenters Mailand....

Australia

Coronavirus information and support for business

Find financial assistance, eligibility and timing for the new government support for Australian businesses. We'll be updating this page as new information is available.

Belgium

Canada

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.

China

Temporary deferred repayment of interest on loans to small and medium-sized enterprises

Strengthening services for foreign-funded enterprises and attracting investment

Temporary reduction of corporate social insurance premiums

3 Reasons Foreign Investors Should Stick with China amid the Coronavirus

Under the outbreak, China has shown how integral it is to global supply chains, how efficiently it has been able to contain and mitigate infections, and the quick roll-out of tax breaks, incentives, and relaxations for small and medium enterprises.

COVID-19: Which IT Systems to Deploy to Assist Employees Working from Home“.

Experts discuss the cloud-based solutions available to businesses in China as work-from-home becomes increasingly the norm after the COVID-19 outbreak

China’s Support Policies for Businesses Under COVID-19: A Comprehensive List

A consolidated and updated list of all these policies, which include policies guiding businesses to resume production, measures to facilitate foreign trade, provision of tax and fee reductions and exemptions, financial support, social security benefits, energy cost reduction, and incentives for medical supply donations.

Denmark

Please note that the virus has started spreading in Scandinavia a bit later than in Central Europe and hence the financial support packages/measures are still under preparation.

Danish Government Homepage

Updates around the current situation.

Regeringen præsenterer støttepakke til dansk erhvervsliv

Corona har store konsekvenser for dansk økonomi. Verdensøkonomien er stærkt udfordret. For at inddæmme og afbøde smitten er der taget en række initiativer, som medfører massiv opbremsning i Danmark.

Regeringen præsenterer støttepakke til dansk erhvervsliv

Corona har store konsekvenser for dansk økonomi. Verdensøkonomien er stærkt udfordret. For at inddæmme og afbøde smitten er der taget en række initiativer, som medfører massiv opbremsning i Danmark.

Finland

Please note that the virus has started spreading in Scandinavia a bit later than in Central Europe and hence the financial support packages/measures are still under preparation.

Information on the Coronavirus outbreak provided by Business Finland for companies

Our goal is to create an overall picture of the impact of the outbreak on Finnish companies and to compile the feedback received from businesses with the insight of the global networks of Business Finland and Team Finland.

Information and advice on the coronavirus

The website of the Finnish Institute for Health and Welfare (THL) provides comprehensive information on the new coronavirus. The Government website contains information produced by the ministries on the effects of the coronavirus on different administrative sectors as well as topical material on the coronavirus from all ministries.

The Finnish Tax Administration supports businesses during the corona pandemic

The coronavirus pandemic may cause tax difficulties for entrepreneurs, companies and accountants. Because of this, you can request an extension to your tax return’s filing deadline. If you file late due to a justified special reason, such as illness, you may not have to pay a late-filing penalty. If your company is in financial difficulties, you can request a payment arrangement for the company’s taxes. Please note that you can also request a change to your prepayments in MyTax if your company’s profits for the year seem to be less than expected.

France

Intervention de Bruno Le Maire sur les mesures prises face à la crise du Covid-19
Le 17/03/2020

Informations générales et concernant les personnes (n’hésitez pas à vous renseigner auprès des services consulaires très mobilisés en ce moment)

Pour empêcher le virus de se propager, il est impératif de suivre les recommandations des autorités sanitaires locales


Avant un départ en voyage à l’étranger, tenez-vous informés de la situation en consultant :

Pour se renseigner sur la situation en France :
www.gouvernement.fr/info-coronavirus
www.santepubliquefrance.fr/

Les gouvernements et la Commission européenne se mobilisent pour accompagner les entreprises de toute taille dans cette épreuve.

En Allemagne comme en France, des mesures fortes ont été annoncées pour faciliter le recours au chômage partiel et préserver l’accès au crédit, notamment aux crédits de trésorerie. D’autres mesures sont à l’étude (assouplissement temporaire du droit des faillites, aides directes aux entreprises, plan de relance massif, etc.). Là encore, les annonces de nouvelles mesures sont quotidiennes et/ou en cours de mise en place. Vous trouverez en PJ un résumé des mesures allemandes (à la date du 14 mars) et une intervention de Bruno Le Maire présentant les mesures françaises (du 17 mars).

Vous trouverez des informations sur les mesures françaises sur le site ci-dessous :
https://www.economie.gouv.fr/coronavirus-soutien-entreprises

Sur les mesures décidées en Allemagne (avec informations sur les hotlines mises en place) :
https://www.bmwi.de/Redaktion/DE/Dossier/coronavirus.html#id1694894

Enfin, les institutions européennes se mobilisent également (Commission, conseil, Eurogroupe) : https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response_en

La Commission européenne a publié hier des lignes directrices relatives aux mesures à la frontière pour protéger la santé et maintenir la disponibilité des biens et services essentiels.

Il appartient aux Etats membres de mettre en œuvre ces lignes directrices. En l’occurrence, pour l’Allemagne le ministère fédéral de l’intérieur BMI et la police des Länder.

D’après le site internet du BMI. S’agissant des marchandises et des déplacements pour raisons professionnelles : le transport transfrontalier de marchandises et les déplacements transfrontaliers pour des raisons professionnelles ou pour exercer une activité professionnelle dans le but de fournir des services contractuels restent autorisés, et ce quelle que soit la nationalité (y compris les pendulaires, les travailleurs saisonniers, les parlementaires européens, les diplomates accrédités). Cela doit être prouvé par la possession de documents appropriés (notamment le contrat de travail, les documents de commande, la carte de frontalier). Les entrepreneurs et artisans français peuvent donc continuer à se rendre en DE (et vice-versa) pour y travailler et livrer s’ils disposent de documents justifiant la nécessité du déplacement.

Le pouvoir d’appréciation sur le caractère impérieux du déplacement privé est laissé à la discrétion de la police fédérale qui évalue chaque situation au cas par cas.

Coronavirus : Bpifrance active des mesures exceptionnelles de soutien aux entreprises

Pour soutenir les entreprises dont l’activité est impactée par le coronavirus, Bpifrance a mis en place une série de mesures et un accès dédié pour les renseigner et les orienter pour traiter leurs problèmes de trésorerie.

Coronavirus COVID-19 : chefs d’entreprise, le ministère de l’Economie est à vos côtés

Face à l’épidémie du Coronavirus Covid-19, le gouvernement est en solidarité totale avec les entreprises et leurs salariés, et continuera d'être pleinement mobilisé dans les jours et les semaines à venir. Bruno Le Maire, ministre de l'Économie et des Finances et Agnès Pannier-Runacher, secrétaire d’État auprès du ministre de l’Économie et des Finances, ont reçu, à plusieurs reprises, les acteurs économiques nationaux ainsi que les partenaires sociaux sur l’impact du Coronavirus Covid-19 sur l’activité économique. 

Toutes les réponses aux questions que vous vous posez sur le Coronavirus COVID-19

le Président de la République a décidé de prendre des mesures pour réduire à leur plus strict minimum les contacts et les déplacements. Un dispositif de confinement est mis en place sur l’ensemble du territoire à compter du mardi 17 mars à 12h00, pour quinze jours minimum.

Germany

A protective shield for employees and companies

The German government is taking decisive and forceful action against the economic impact of the coronavirus. Federal Minister of Finance Olaf Scholz (SPD) and Federal Minister for Economic Affairs and Energy Peter Altmaier (CDU) have agreed on a far-reaching package of measures to protect jobs and support companies. The government is setting up a protective shield for employees and companies. The goal is to equip businesses with sufficient liquidity that they will be able to make it through the crisis in good shape.

Unternehmen stehen beim Kampf gegen wirtschaftliche Corona-Folgen im "Wettlauf mit der Zeit"

Bei den Soforthilfen gegen die schockartigen wirtschaftlichen Folgen der massiven Anti-Corona-Maßnahmen dringt Eric-Schweitzer, Präsident des Deutschen Industrie- und Handelskammertages (DIHK), auf mehr Tempo.

Tagesaktuelle Informationen zum Coronavirus

Bundesgesundheitsminister Jens Spahn hat alle Bürger angesichts der massiven Einschränkungen im Alltagsleben wegen der Coronakrise zur Solidarität aufgerufen. Am Dienstag Vormittag war er zu Gast im Ministerrat in der bayrischen Staatskanzlei.

Bundesregierung startet Hilfsmaßnahmen wegen Coronavirus

Die Bundesregierung wird mit Maßnahmen in Milliardenhöhe Arbeitnehmer und Unternehmen vor den Folgen des Coronavirus schützen. Zu den beschlossenen Schritten gehören die Ausweitung des Kurzarbeitergeldes, Liquiditätshilfen und die Stundung von Steuerzahlungen, die auch der Kultur- und Kreativwirtschaft zugutekommen sollen.

Auswirkungen des Coronavirus: Informationen und Unterstützung für Unternehmen

Die Bundesregierung tritt entschlossen und mit aller Kraft den wirtschaftlichen Auswirkungen des Coronavirus entgegen. Ein weitreichendes Maßnahmenbündel wird Arbeitsplätze schützen und Unternehmen unterstützen. Firmen und Betriebe werden mit ausreichend Liquidität ausgestattet, damit sie gut durch die Krise kommen.

Auswirkungen des Coronavirus: Informationen und Unterstützung für Unternehmen

Die Bundesregierung tritt entschlossen und mit aller Kraft den wirtschaftlichen Auswirkungen des Coronavirus entgegen. Ein weitreichendes Maßnahmenbündel wird Arbeitsplätze schützen und Unternehmen unterstützen.

Holland

Coronavirus COVID-19

The coronavirus raises many questions, including the consequences for the Netherlands. Organizations are working together to prevent infections and limit the effects of the new virus. Current information is available on this website.

Japan

Aids for tele-working

The Japanese government has launched various aids to companies to encourage them to implement tele-working or to support through this slow down of business. This is applicable only to the SME in Tokyo city and not applicable to the whole of Japan

METI’s support measures for companies concerning the impacts of the novel coronavirus disease

METI has been taking measures for mitigating the impacts on companies of the novel coronavirus disease (COVID-19) and for supporting such companies.

Ministry of Health

Coronavirus disease 2019 (COVID-19) situation within and outside the country.

Luxembourg

CORONAVIRUS COVID-19 // PROGRAMME DE STABILISATION DE L’ÉCONOMIE

  • Répondre aux besoins de liquidités immédiats
  • Faciliter le financement bancaire
  • Maintenir l’emploi
  • Promouvoir le travail à distance
  • Étaler les paiements liés aux échéances fiscales pour pallier aux besoins de liquidité
  • Bénéficier de la tolérance administrative au niveau des cotisations sociales
  • Bénéficier des mesures d’aide à l’exportation pour soutenir les entreprises exportatrices
  • Protéger juridiquement l’entreprise en difficulté
  • Soutenir le secteur culturel

Regular procedure for short-time working applications in case of force majeure (COVID-19)

Companies and businesses, which remain open but are still affected (normal functioning of activity is no longer possible) still have the option to apply for short time work in for cases of "force majeure", specifically COVID-19, and send their application to the secretariat of the Comité de Conjoncture at the Ministry of the Economy.

India

Reserve Bank of India - COVID-19- Operational and Business Continuity Measures

While the Government of India, in co-ordination with the state machineries, is already taking steps for preventing and controlling the local transmission of disease, further steps, including the indicative list available below, are required to be taken by the respective banks/financial institutions as a part of their existing operational and business continuity plans

Malaysia

Malaysia may spend up to RM15bil for fiscal stimulus package

The government is expected to spend up to RM15 billion via a fiscal stimulus package to stimulate Malaysia’s economy and mitigate any adverse repercussions from the coronavirus (Covid-19) outbreak and other external uncertainties.

Malaysia cuts key rate as global central banks act amid virus

Malaysia cut its benchmark interest rate on Tuesday, following other central banks in boosting stimulus to counter the impact of the coronavirus on economic growth.

New Zealand

COVID-19: Information for businesses

This page brings together government information relating to COVID-19 (novel coronavirus), how it may affect your business and how you can stay up to date as new information becomes available.

Norway

Please note that the virus has started spreading in Scandinavia a bit later than in Central Europe and hence the financial support packages/measures are still under preparation.

Comment by the Minister of Trade and Industry

The Government’s urgent measures to reduce the economic impact of the coronavirus pandemic

Norway acts to protect economy from coronavirus impact

Norway's government on Friday unveiled a 6.5bn Norwegian kroner financial package to help keep businesses afloat through the coronavirus pandemic.

NRK (Norwegian National Broadcaster) daily updates

A full day news operation from 06.00 - 22:00 in main NRK1 main tv channel since the outbreak in Norway.

Norwegian public health updates

Dags- og ukerapporter om koronavirussykdom (covid-19)

Singapore

Coping with COVID-19: Economic measures for companies and workers

How the Government is helping firms to stay afloat in these uncertain times

Spain

Economic and financial measures - 18 March 2020

Guarantees and liquidity for companies, moratorium on mortgages, ERTES will be streamlined and all workers will have the right to unemployment. The government will allocate €600 million to social benefits, protect companies against foreign purchases, guarantee essential services (Water, gas..), self-employment benefits for cessation of activity, reduction of working hours due to care and homeworking, and allocate €30 million to investigate the Covid-19 vaccine.

Spain announces €200 billion relief package against effects of coronavirus

Spanish Prime Minister Pedro Sánchez on Tuesday afternoon announced a relief package of €200 billion to fight the economic fallout of the coronavirus crisis.

Government frees up 18.23 billion euros in a raft of economic measures to mitigate impact of COVID-19

The government has adopted a raft of exceptional economic measures to mitigate the impact of COVID-19, which will allow up to 18.23 billion euros to be freed up and disbursed during the year.

Sweden

Please note that the virus has started spreading in Scandinavia a bit later than in Central Europe and hence the financial support packages/measures are still under preparation.

The Government’s work in response to the virus responsible for COVID-19

News regarding the Government’s work in response to the virus responsible for COVID-19

Additional amending budget due to the coronavirus

Due to the coronavirus, a proposal for an additional amending budget is being presented today. The proposal is based on an agreement between the Swedish Social Democratic Party, the Centre Party, the Liberal Party and the Green Party.

What does the coronavirus mean for the Swedish economy?

The economic impact of the coronavirus pandemic has affected many areas of business with companies having to lay off workers in the worst-hit industries. This has prompted several measures from the Swedish government and Central Bank in order to weather the crisis.

UK

Business-led innovation in response to global disruption (de minimis)

UK registered businesses can apply for a share of up to £20 million to respond to new and urgent needs in UK and global communities during and following the Covid-19 pandemic.

Competition opens: Friday 3 April 2020
Competition closes: Friday 17 April 2020 12:00pm

The chancellor Rishi Sunak has announced an overhaul of the government’s emergency Coronavirus Business Interruption Loan Scheme (CBILS) due to concerns that many SMEs will run out of cash whilst waiting to access the funds.

Key challenges

CBILS was created to provide emergency funding for firms who were unable to secure regular commercial financing due to the coronavirus impact on the economy. However, the scheme has faced much criticism due to the following:

The loans are taking too long to access and only around 1,000 loans with a combined value of £90m have been processed since 23 March 2020 across the 40 accredited lenders;
Many business-owners have been denied loans or forced to use standard loan products with higher financing costs; and
A number of banks have insisted on personal guarantees from directors, despite the fact that the government is providing a guarantee for 80% of the loans.
Overhaul features

Under the current changes, the government will stop lenders from requiring personal guarantees for loans under £250,000 and will make operational changes to the scheme in order to speed up the processing of the loans up to £5m.

Extension for SMEs

Rishi Sunak has extended CBILS to all viable small and medium businesses who have been facing financial challenges during the coronavirus pandemic.

Larger company scheme

The chancellor has announced a new measure for larger companies with annual turnover between £45m and £500m, for whom CBILS will offer loans up to £25m which are 80% guaranteed by the taxpayer.

I’m not a business, how are you supporting me?

The Business Support measures outlined on these pages are designed to protect people’s jobs – but there are other measures in place to support people’s financial security.

Call for businesses to help make NHS ventilators

The government are looking for businesses to support in the production and supply of ventilators and ventilator components.

COVID-19: Package of support for the self employed

Grants of up to £2,500 per month are to be made available for the self-employed during the coronavirus pandemic, but the scheme is unlikely to be operational until June.

Following measures to help businesses and employers through the coronavirus crisis, the Chancellor has announced the creation of a scheme to protect the incomes of self-employed individuals and partnerships.

How small businesses can access the coronavirus support announced in the Budget

Dan Martin examines how businesses can access the support outlined in the government’s 2020 Budget and other announcements for dealing with the impact of coronavirus.

This year’s Budget was a big one. In the midst of the coronavirus outbreak that’s taking hold across the world, Chancellor Rishi Sunak outlined a range of measures to help businesses cope with the inevitable negative impact.

Since the Budget speech, the government has made further announcements on support for businesses.

Offer coronavirus (COVID-19) support from your business

Use this service to tell us how your business might be able to help with the response to coronavirus. The support needed includes things like:

  • Medical testing equipment
  • Medical equipment design
  • Protective equipment for healthcare workers, such as masks, gowns and sanitiser
  • Hotel rooms
  • Transport and logistics, for moving goods or people
    manufacturing equipment
  • Warehouse or office space, for medical use or storage
  • Expertise or support on IT, manufacturing, construction, project management, procurement, engineering or communications
  • Social care or childcare

Full list of COVID Loan / CBILS Providers and their criteria.

This list helps firms know:

  • What the lending criteria are for each provider
  • What guarantees they are requesting
  • How individual businesses can apply
  • Their expected timescales and credit processes
  • How they are prioritising lending (eg. focusing on current business borrowers or willing to talk to new borrowers)

Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

  • What is it?
  • Am I eligible?
  • How do I access it?
  • When can I access it?

The Chancellor Rishi Sunak provides an updated statement on coronavirus.

The Chancellor unveiled on 20 March, a further series of measures to support people, jobs and businesses. Click here to view a transcript of the speech.

The government is to pay 80% of wages for employees not working, up to £2,500 a month, Chancellor Rishi Sunak says.

The "unprecedented" measures are part of government plans to protect people's jobs, he says.

Many firms have been warning of collapse, wiping out thousands of jobs, as life in the UK is largely put on hold due to the coronavirus pandemic.

He added that the closure of pubs and restaurants would have a "significant impact" on businesses.

The Chancellor made an appeal to employers to stand by their workers during the coronavirus crisis.

"Let me speak directly to businesses: I know it's incredibly difficult out there - we in government are doing everything we can to support you," he said.

"The government is doing its best to stand behind you and I'm asking you to do your best to stand behind our workers."

UK practical business advice: COVID-19

  • Coronavirus Job Retention Scheme
  • VAT payments
  • Income Tax payments
  • Universal credit
  • HMRC Time to Pay
  • Business Rates holidays and cash grants
  • Coronavirus Business Interruption Loan Scheme
  • COVID-19 corporate financing facility
  • Mortgage and rent holiday
  • Insurance claims
  • Statutory Sick Pay (SSP)

COVID-19: support for businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

This includes a package of measures to support businesses including:

  • A Coronavirus Job Retention Scheme
  • Deferring VAT and Income Tax payments
  • A Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • A 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
  • The HMRC Time To Pay Scheme

COVID-19 financial support for businesses

The HM Treasury has prepared a document to guide businesses on how to access government financial support if you or your business has been affected by COVID-19.

This document highlights key areas of financial support, such as:

  • If you're a small or medium-sized business, you may be entitled to reclaim the costs of Statutory Sick Pay (SSP) for sickness absence due to COVID-19.
  • Some businesses will be eligible for a Business Rates holiday for 1 year from 1 April 2020.
  • If your business is eligible for small business rate relief or rural rate relief, you're entitled to a one-off cash grant of £10,000.
  • If your business is facing cash flow issues as a result of COIVD-19, there's support available from the British Business Bank and Bank of England.
  • If you're self-employed or own a business and you're concerned about not being able to pay your tax bills because of COVID-19, you may be eligible for support through Her Majesty’s Revenue and Customs’ (HMRC) Time to Pay service.

Government amends insolvency law to help companies keep trading while they explore options for rescue

Under the plans, the UK’s Insolvency Framework will add new restructuring tools that mirror the USA’s Chapter 11 procedure, a well-established model adopted by countries around the world.

Business Support Outside of Government

The Government is working closely with Business Representative Organisations and Trade Associations to support the national response to coronavirus, including ensuring messages from Government are heard by all businesses and that business voices are heard by Government. This link list of organisations you can speak with to get advice. Many of these websites also include sector specific guidance and Q&A.

Business Closures and Stay at Home FAQs

To reduce social contact and help stop the spread of coronavirus, the UK Government has ordered certain businesses and venues to close. A list of these businesses can be found here. With the exception of these organisations, the UK Government has not required any other businesses to close – it is important for business to carry on.

Further Guidelines Regarding the Coronavirus Business Interruption Loan Scheme

The Chancellor had announced a generous package of financial support to small and large businesses across the UK which included the Coronavirus Business Interruption Loan Scheme (CBILS). We have sought to make this as easy as possible and are therefore making further clarification on the subject of personal guarantees.

Updates and Guidance

Deferral of VAT payments due to coronavirus
If you are a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to defer the payment until a later date or pay the VAT due as normal. Further guidance can be found here.

Check which expenses are taxable if your employee works from home due to coronavirus (COVID-19)
HMRC have produced guidance to help you find out what equipment, services or supplies are taxable if your employees are working from home due to coronavirus.

Updated guidance for staff in the transport sector
This guidance will assist transport settings in addressing coronavirus (COVID-19). This guidance may be updated in line with the changing situation.

Specification for ventilators to be used in UK hospitals during the coronavirus (COVID-19) outbreak
This guidance sets out the clinical requirements based on the consensus of what is ‘minimally acceptable’ performance in the opinion of the anaesthesia and intensive care medicine professionals and medical device regulators.

HMRC’s tax helpline is changing
HMRC has a set up a phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus. The tax helpline number is changing. You can now call them on 08000 241222. Opening hours are from 8am to 4pm Monday to Friday. Calls to the old helpline number will be redirected automatically.

Business Rates Expanded Retail Discount
Guidance on the operation of expanded retail discount 2020 to 2021 has been updated so that certain properties previously excluded from the relief, but that have been the forced to close as a result of coronavirus restrictions, will now be eligible for the relief. Many high street businesses that have closed due to Covid-19 restrictions will now be exempt from business rates including retail, leisure, and hospitality properties, estate agents, lettings agencies and bingo halls.

Vehicle owners to be granted MOT exemption in battle against coronavirus
Temporary exemption will enable vital services to continue, frontline workers to get to work, and people to get essential food and medicine. Further information can be found here.

Producing hand sanitiser and gel for coronavirus (COVID-19)
HMRC have produced guidance on temporary changes to the use and supply of denatured alcohol and duty-free spirits, to help businesses who produce hand sanitiser and gel. All guidance on the production and supply of hand sanitiser can be found here.

Government launches Coronavirus Information Service on WhatsApp
The UK Government has launched a GOV.UK Coronavirus Information service on WhatsApp. The new free to use service aims to provide official, trustworthy and timely information and advice. To use the free GOV.UK Coronavirus Information Service on WhatsApp, simply add 07860 064422 in your phone contacts and then message the word ‘hi’ in a WhatsApp message to get started. Further information can be found here.

Hotel accommodation to support key workers and vulnerable people
Guidance has been updated to clarify the exemption for hotels, hostels, and B&Bs to open so they can offer accommodation to key workers and support rough sleepers to keep them off the streets and in suitable accommodation. Further guidance can be found here.

MHRA guidance on coronavirus
Updates have been made to new guidance on exemptions from Devices regulations during the outbreak.

What the Coronavirus Bill will do

The UK government’s coronavirus action plan, published on 3 March, set out measures to respond to the COVID-19 outbreak that are reasonable, proportionate and based on the latest scientific evidence.

Companies to receive 3-month extension period to file accounts during COVID-19

Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.

Extra protection for businesses with ban on evictions for commercial tenants who miss rent payments

Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction.

Coronavirus Business Interruption Loan Scheme

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

Job Retention Scheme

All UK businesses are eligible for the Coronavirus Job Retention Scheme, which will part pay employee wages who may have needed to be laid off due to financial pressures. HMRC will cover 80% of the worker’s wage cost, up to £2,500 per month. We are awaiting further guidance from the Government regarding the scheme, but as soon as we hear more, we will update you as we know this will be needed for the majority of businesses

Driving tests and MOTs for heavy vehicles suspended

The DVLA are suspending driving tests for up to 3 months except for critical workers, and MOTs for lorries, buses and trailers are also suspended for 3 months. Guidance on drivers’ hours relaxations has also been published.

Critical workers – guidance for parents on school closures

Employers are responsible for identifying key workers within their business. Please think carefully before identifying staff as key workers and please encourage them to keep their children home where possible.

New rules on staying at home and away from others

The single most important action we can all take in fighting the coronavirus, is to stay at home in order to protect the NHS and save lives. The government has introduced three new measures.

Further businesses and premises to close

Non-essential businesses and premises must now shut. A full list of the businesses and premises that must remain closed is available. Takeaway and delivery services may remain open and operational. Online retail is still open and encouraged and postal and delivery service will run as normal.

Working from home

Working from home will potentially lead to increased costs for staff for phone calls, heating and lighting. Will homeworkers be entitled to extra tax relief?

Rent payments

With many businesses having rent payments due in March, what can be done to ease the financial pain of Covid-19?

Technology

Covid-19 is changing how we use technology around the world, especially with the use of contactless and block-chain enabled payment technologies.

Trade marks

Trade mark applications incorporating Covid-19 have risen significantly. Do these applications break moral boundaries?

Job retention scheme

What we know so far about the Government’s Coronavirus Job Retention Scheme

Cashflow

If your cash flow is under pressure, help is being made available. We provide links to the support the mainstream banks are supplying, and summarise the Government’s help for SMEs and large businesses

Increase to Working Tax Credits - what this means

The government has announced that Working Tax Credits payments will be increased from 6 April 2020 - find out what's happening and who this affects.

Supply chain support

DIT has a global network of relationships with businesses across the world and, where possible, we will seek to provide advice on alternative suppliers.

Bank of England measures to respond to the economic shock from Covid-19

The Bank of England have also announced a comprehensive package of measures to help UK businesses and households bridge across the economic disruption that is likely to be associated with COVID-19. Interest rates have been reduced from 0.75% to 0.25% and additional funding will be available for banks to increase lending, especially to SMEs.

COVID-19: UK Government guidance for employees, employers and businesses

This guidance will assist employers and businesses in providing advice to their staff on:

  • The novel coronavirus, COVID-19
  • How to help prevent spread of COVID-19
  • What to do if someone has symptoms of COVID-19 has been in business settings
  • Eligibility for sick pay

This guidance also provides details of support available to businesses including:

  • Statutory sick pay relief package for SMEs
  • A 12-month business rates holiday for all retail, hospitality and leisure businesses in England
  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • The Coronavirus Business Interruption Loan Scheme to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance
  • The HMRC Time To Pay Scheme to help with tax

The HMRC Time To Pay Scheme
Support for businesses who are paying sick pay to employees
We will bring forward legislation to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows:

  • This refund will cover up to 2 weeks’ SSP per eligible employee who has been off work because of COVID-19
  • Employers with fewer than 250 employees will be eligible - the size of an employer will be determined by the number of people they employed as of 28 February 2020
  • Employers will be able to reclaim expenditure for any employee who has claimed SSP (according to the new eligibility criteria) as a result of COVID-19
  • Employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a GP fit note. If evidence is required by an employer, those with symptoms of coronavirus can get an isolation note from NHS 111 online and those who live with someone that has symptoms can get a note from the NHS website
  • Eligible period for the scheme will commence the day after the regulations on the extension of SSP to those staying at home comes into force the government will work with employers over the coming months to set up the repayment mechanism for employers as soon as possible

Eligibility
You are eligible for the scheme if:

  • Your business is UK based
  • Your business is a small or medium-sized and employs fewer than 250 employees as of 28 February 2020

How to access the scheme
A rebate scheme is being developed. Further details will be provided in due course once the legalisation has passed.

Support for businesses that pay business rates
Business rates holiday for retail, hospitality and leisure businesses
We will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.
Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.

Eligibility
You are eligible for the business rates holiday if:

  • Your business is based in England
  • Your business is in the retail, hospitality and/or leisure sector
  • Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used: as shops, restaurants, cafes, drinking establishments, cinemas and live music venues for assembly and leisure as hotels, guest & boarding premises and self-catering accommodation 

How to access the scheme
There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

You can estimate the business rate charge you will no longer have to pay this year using the business rates calculator.
Further guidance for local authorities is available in the expanded retail discount guidance.

Cash grants for retail, hospitality and leisure businesses
A £25,000 grant will be provided to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value between £15,000 and £51,000.

Any enquiries on eligibility for, or provision of, the reliefs and grants should be directed to the relevant local authority.

Support for businesses that pay little or no business rates
The government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR). This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs.

Eligibility
If your business is eligible for SBRR or rural rate relief, you will be contacted by your local authority. You do not need to apply.

How to access the scheme
Funding for the scheme will be provided to local authorities by government in early April. Guidance for local authorities on the scheme will be provided shortly.

Support for businesses through the Coronavirus Business Interruption Loan Scheme
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch early next week to support primarily small and medium-sized businesses to access bank lending and overdrafts.

The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. The government will not charge businesses or banks for this guarantee, and the Scheme will support loans of up to £5 million in value.

Businesses can access the first 6 months of that finance interest free, as government will cover the first 6 months of interest payments.

Eligibility
You are eligible for the scheme if:

  • Your business is UK based, with turnover of no more than £41 million per annum
  • Your business meets the other British Business Bank eligibility criteria

How to access the scheme
The full rules of the Scheme and the list of accredited lenders is available on the British Business Bank website. All the major banks will offer the Scheme once it has launched. There are 40 accredited providers in all.

You should talk to your bank or finance provider (not the British Business Bank) as soon as possible and discuss your business plan with them. This will help your finance provider to act quickly once the Scheme has launched. If you have an existing loan with monthly repayments you may want to ask for a repayment holiday to help with cash flow.

The scheme will be available from early next week commencing 23 March.

Support for larger firms through the COVID-19 Corporate Financing Facility
Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.
This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.

It will also support corporate finance markets overall and ease the supply of credit to all firms.

Eligibility
All UK businesses are eligible.

How to access the scheme
The scheme will be available early in week beginning 23 March 2020.
We will provide information on how to access the scheme here shortly.
More information is available from the Bank of England.

Support for businesses paying tax: Time to Pay service
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.

Eligibility
You are eligible if your business:

  • pays tax to the UK government
  • has outstanding tax liabilities

How to access the scheme
If you have missed a tax payment or you might miss your next payment due to COVID-19, please call HMRC’s dedicated helpline: 0800 0159 559.

If you’re worried about a future payment, please call us nearer the time.

Insurance
Businesses that have cover for both pandemics and government-ordered closure should be covered, as the government and insurance industry confirmed on 17 March 2020 that advice to avoid pubs, theatres etc is sufficient to make a claim as long as all other terms and conditions are met.

Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent on damage to property and will exclude pandemics.

Online isolation notes launched - providing proof of coronavirus absence from work

People unable to work for more than seven days because of coronavirus (COVID-19) can obtain an isolation note through a new online service.

COVID-19: guidance on social distancing and for vulnerable people

Guidance on social distancing for everyone in the UK and protecting older people and vulnerable people.

Coronavirus (COVID-19): guidance for UK businesses

Guidance for UK businesses trading internationally

COVID-19: guidance on social distancing and for vulnerable people

Guidance on social distancing for everyone in the UK and protecting older people and vulnerable people.

Complete ban on evictions and additional protection for renters

Government announces radical package of measures to protect renters and landlords affected by coronavirus.

Tax helpline to support businesses affected by coronavirus (COVID-19)

New HMRC helpline launched to help businesses concerned about paying their tax due to coronavirus (COVID-19).

Coronavirus (COVID-19): guidance for UK businesses trading internationally

This advice is for UK businesses that export or deliver goods and services abroad and have been impacted by the spread of coronavirus (COVID-19).

Business support announced in the Budget and 17 March

In the Budget (11 March 2020) the Chancellor announced a package of measures to provide support for public services, individuals and businesses to ensure the impact of COVID-19 is minimised.

Coronavirus bill: what it will do

The Department of Health and Social Care (DHSC) has identified that to effectively manage a coronavirus outbreak in the UK, we need to introduce new fast-tracked legislation. This will provide us with the legal measures to be able to implement our phased response.

This paper sets out, subject to final approvals, the elements of the new legislation and why they are needed.

Online resources for businesses and employers

For the latest information and advice, employers and business owners should visit guidance for employers and businesses. Check the page regularly for updates and subscribe to receive email alerts.

NEW and Updated COVID-19 industry guidance

Following last week’s shift to the ‘delay’ phase of the action plan new and updated industry guidance has been published for specific sectors.

COVID-19: guidance for employees, employers and businesses

Guidance for employees, employers and businesses in providing advice about the novel coronavirus, COVID-19.

Closure of educational settings: information for parents and carers

Information for parents and carers about the closure of schools and other educational settings following the outbreak of coronavirus (COVID-19).

Supporting businesses impacted by coronavirus

The CBI is striving to ensure that business can access the latest information about coronavirus so they can understand how it may affect their business and make informed decisions.

Coronavirus: managing risks to your business, staff and workplace

FIS is closely monitoring the development of the Coronavirus situation and is receiving regular briefings from the Civil Service and will continue to follow official advice from Government and the Health Authorities.

UKEF facilities available to cover exporters disrupted by coronavirus

UK Export Finance (UKEF) works with banks and insurance brokers to help companies of all sizes fulfil and get paid for export contracts.

Coronavirus and your organisation

As the coronavirus (Covid-19) situation gathers momentum, organisations nationwide are assessing how their operations will be affected.

Online resources for businesses and employers

For the latest information and advice, employers and business owners should visit guidance for employers and businesses. Check the page regularly for updates and subscribe to receive email alerts.

NEW and Updated COVID-19 industry guidance

Following last week’s shift to the ‘delay’ phase of the action plan new and updated industry guidance has been published for specific sectors.

Interactive guide to incident management and business continuity for small businesses

This document is intended to provide businesses with the necessary tools to help them develop a basic incident management and business continuity plan.

What DIT is doing to provide support to businesses impacted by coronavirus

​In the Budget, the Chancellor set out a £12 billion package of temporary, timely and targeted measures to support public services, individuals and businesses through the economic disruption caused by coronavirus.
This paper sets out, subject to final approvals, the elements of the new legislation and why they are needed.

Chancellor announces additional support to protect businesses

The Chancellor Rishi Sunak today announced unprecedented support for business and workers – to protect against the economic emergency caused by the coronavirus.

RISC Authority Supply Chain Guide

A simple guide to supply chain management for small and medium-sized businesses