Coronavirus (COVID-19) hub
Coronavirus is not just a world health emergency; it is an economic one too. The economic impacts are plain to see and emergency provisions are being made worldwide in an attempt to support individuals, business and anyone who advises them. ICAEW is monitoring the situation closely and collating resources as conditions unfold.
Coronavirus Business Interruption Loan Scheme - British Business Bank
The scheme provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
Coronavirus: the Chancellor's statement - Michael Izza's message to members
20 March 2020: the Chancellor's announcement this evening of a far-reaching package of measures allows businesses in this country to stand by their employees at a time of national emergency. Such direct action by Government to keep people in employment is a really good start.
Lending facility for larger firms - coronavirus
Updated 19 May 2020: ICAEW's Corporate Finance Faculty explains the Bank of England’s direct lending facility for larger businesses, the Covid Corporate Financing Facility (CCFF), which is open for applications via banks. Options are available for businesses without a credit rating. Early repayment is available.
Business Finance Guide
New British Business Bank and ICAEW information on financial and operational challenges
UK practical business advice: COVID-19
We have provided a quick summary of UK government support and guidance from ICAEW to help you secure the advice and assistance you need.
Information and advice about banking