COVID-19: Key UK Business Measures – Current State of Play

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An up-to-date summary of key COVID-19 related measures announced by the UK government as of 3 May 2020.

Key Points:

..In a series of announcements starting with the budget on 11 March 2020, the UK government has outlined significant measures to support British business and workers on an unprecedented scale.

..Key announcements include the Job Retention Scheme, the Self-employment Income Support Scheme, the COVID-19 Corporate Financing Facility, the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, the Future Fund, the Bounce Back Loans Scheme, the Retail and Hospitality Grant Scheme, business rates holidays, statutory sick pay relief, and certain tax deferrals.

..Some elements of business support are devolved, meaning that the measures businesses can access may differ in Scotland, Wales, and Northern Ireland.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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