25 March 2020back

COVID-19 Helpful Tips

Below please find links and documents which provide advice and support in response to the current COVID-19 crisis. 

Wales Coronavirus Policy Checker 

http://www.deryn.co.uk/news/69-wales-coronavirus-policy-tracker

Financial Support 

£18m support for the culture, creative and sport sector announced by Welsh Government: https://gov.wales/18m-support-culture-creative-and-sport-sector-wales

The Welsh Government has announced an additional package of support for businesses hit by Coronavirus. More detail can be found here: https://businesswales.gov.wales/coronavirus-advice 

The Development Bank of Wales are offering a three-month capital repayment holiday to their customers to help manage cash flow as the Coronavirus continues to develop. https://developmentbank.wales/coronavirus-support-welsh-businesses 

The announcement on the Gov.uk website lists the various measures available and who is administering them https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses – it is comprehensive & updated as they add additional measures. 

The ‘business interruption’ loan scheme (up to £5m loans) will launch next week and will be delivered through the British Business Bank and the BBB link is: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/  

Two schemes involving the Bank of England. The measures on 11th March included a term funding scheme aimed at SMEs delivered via the banks: https://www.bankofengland.co.uk/news/2020/march/boe-measures-to-respond-to-the-economic-shock-from-covid-19Ask your bank about support. 

The Association of British Insurers have issued a statement on business insurance cover here and have a COVID-19 Q&A here which includes business insurance, trade credit, income protection and pensions and investments. 

Other useful links: 

Mental Health & Self Isolation

Guidance for businesses and employers to respond to COVID-19

Governance

Baldwins tips for Trustees (Click here for PDF)

The Self-Employed and Corona Virus

https://www.baldwinsaccountants.co.uk/news-and-insights/the-self-employed-and-coronavirus

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Arts & Business Cymru says...

Pooling the knowledge and experience of our members has enabled us to compile this catalogue of resources. If you have any useful links that you feel we should include and share on this page, please contact contactus@aandbcymru.org.uk