The global outbreak of Coronavirus (COVID-19) is having a significant impact on businesses globally. This is particularly true for the start-up industry as companies may be facing immediate cash-flow, debt and staffing problems. There have been a number of government initiatives that have been implemented in the UK over the past two weeks which are aimed to support small and medium businesses that are dealing with the consequences of coronavirus. This update sets out the latest support measures that have been announced.
For more information on the job retention scheme, please see our UK employment law update.
Business rates holiday