20 May 2020
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Trade Credit Insurance guarantee
The government will temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance, ensuring the majority of insurance coverage will be maintained across the market.
The government will work with businesses and the industry on the full details of the scheme to ensure firms are supported and risk is appropriately shared between the government and insurers.
The guarantees will cover trading by domestic firms and exporting firms and the intent is for agreements to be in place with insurers by end of this month. To see the announcement click HERE.
Larger businesses to benefit from loans of up to £200 million
The UK Government is extending the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme from £50 million to £200 million. For more information click HERE.
Statutory Sick Pay Rebate Scheme
The UK government’s new Coronavirus Statutory Sick Pay Rebate Scheme (click) will launch online on Tuesday 26 May.
The Scheme will enable small and medium-sized employers with fewer than 250 employees to apply to HMRC to recover the costs of paying coronavirus-related Statutory Sick Pay (SSP). Tax agents will also be able to make claims on behalf of companies.
HMRC has published online guidance which includes information about who can use the scheme and the records employers must keep.
Help and support for your business
New guidance has been published videos and webinars to learn more about the support available to help you deal with the economic impacts of coronavirus – click HERE.
Food Standards Agency
The Food Standards Agency has collated guidance covering hygiene and food safety. Advice is provided to help employers, employees and the self-employed understand how to work safely in the food sector – click HERE.
This follows the publication of the government’s COVID-19 recovery strategy and complements wider business guidance published by the Department for Business, Energy and Industrial Strategy – click HERE.
Cyber security survey
The National Cyber Security Centre is asking the food sector to fill out a short survey (CLICK) to inform HMG’s understanding of the state of cyber exercising, training & testing capabilities across the UK's Critical National Infrastructure (CNI) sectors. NCSC is also inviting survey respondents to attend a 1 hour workshop where key findings will be shared for discussion.
If you have any issues and queries please contact us.
20 May 2020