Key themes and legal support. We are here to help.
Last week the Government announced a number of measures to provide financial support to businesses struggling with the impact of COVID-19, including two new Government-backed funding schemes.
In this briefing we explore which businesses are eligible for, and how to access, the financial support on offer whilst also giving our observations on the measures announced and what else businesses need to be thinking about in terms of their financings during these difficult times.
Please note: This briefing was originally published on Monday 23 March 2020. Updates have since be made to the Government-backed funding schemes and links to our updates issued up until 6 April 2020 are now included in the below briefing. Further details and guidance relating to the measures announced may be released and further changes may be made. We will continue to provide updates as further information is released.
These are undoubtedly extremely challenging times for businesses. The full impact of the COVID-19 shock is unlikely to be known for weeks or months. However, whether examining which Government measures businesses may be eligible for and helping them access them, or advising on existing financing arrangements or new financing arrangements, we are on hand to support our clients through these difficult times. Any business looking to access the CCFF and CBILS should look to do so as soon as possible and we look forward to guiding our clients through these new processes. Please do not hesitate to contact us if you require support.