You may already be aware, but just in case……please see below details of 2 webinars from the UK Govt Department of Business Energy and Industrial Strategy (BEIS). These are free of charge and questions are welcome in advance. They will incorporate advice on additional support available in Wales. Webinar: Financial support for small businesses during coronavirus (COVID-19) Register to join a free webinar hosted by the Department for Business, Energy and Industrial Strategy at 11am on Tuesday 5 May to find out how small business can access the coronavirus business support measures that have been made available to UK businesses. The webinar will cover: Eligibility for small […]
The Future Fund will provide UK government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme. The scheme will be delivered in partnership with the British Business Bank. The scheme will launch in May 2020. https://businesswales.gov.wales/news-and-blogs/news/apply-coronavirus-future-fund
The Association of British Insurers (ABI) members has provided the following guidance on the common questions relating to insurance and other business issues which includes: How does business insurance work?What is business interruption insurance?How do businesses purchase business interruption cover?What do business interruption policies generally cover?Does standard business interruption insurance provide cover for businesses who are not able to operate due to the effects of COVID-19?Does a ‘notifiable disease’ extension to business interruption cover my business for COVID-19?Are there any other extensions to business interruption that may provide cover? https://businesswales.gov.wales/news-and-blogs/news/business-insurance-guidance-covid-19