Coronavirus: The Daily Digest
27 May 2020
Stay up-to-date: browse the latest links to news regarding the coronavirus that could impact your business. DMA’s Public Affairs Manager Michael Sturrock is keeping our data and marketing community connected.
This week, it’s expected that the Chancellor will announce a cut-off date for the furlough scheme. Learn more about the changes set to occur from August onwards.
The Government has announced it will guarantee trade credit insurance. Find out more about the move that would allow business-to-business transactions to continue in lieu of lost income.
Following the first phase of easing lockdown in England, the Government produced guidance for employers to make workplaces safe. Learn more, including who should return to the workplace and who should continue working from home.
The UK Government has produced a 50-page guidance document outlining the steps they will take to ease the lockdown measures. Read a summary, statement by DMA CEO Chris Combemale, and access the full guide.
The DMA has been continually lobbying for changes to the Government's coronavirus help schemes for the benefit of our industry. Discover the latest research and what the DMA will be lobbying Government for going forward, as well a list of our successes to date.
Following our lobbying on gaps in the Small Business Grant Scheme, the Government has announced over £600m of funding to top up the grant. Find out what makes businesses eligible, and why some have been excluded.
'Bounce Back Loans’ will offer up to £50k or 25% of turnover. Read about the new type of 'microloan' for businesses, which will be 100% backed by the Government.
See coverage of Boris Johnson’s first speech since contacting the coronavirus, CBILS developments, and the letter we signed with seven other trade bodies to call for greater support for self-employed and company directors.
The DMA is pressing the UK Government to offer 100% guarantees to the Coronavirus Business Interruption Loans Scheme (CBILS), offered to aid businesses throughout the coronavirus pandemic. Learn what’s been done and what's still needed to help organisations access cashflow to survive.
The additional £1.25bn funds will help high-growth companies and those focused on research and development. Find out what the package includes and why businesses are concerned.
Earlier today the chancellor announced further details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS), an expansion of the CBILS scheme to cover all viable firms with a turnover of more than £45 million and less than £245 million.
Chancellor Rishi Sunak MP announced an extension to the furlough scheme, meaning employees hired on or before 19 March can now be furloughed. Previously, only employees hired from 28 February.
Cabinet Secretary for Finance Kate Forbes MSP announced an extension of the business rates relief. In England and Wales, the business rates relief scheme allowed businesses of rateable value over 18k to claim up to £25k per premises. In Scotland, the £25k relief was offered on a per-business level rather than per premises, but accessible to a greater number of businesses of rateable value of £16K and above. However, after sustained criticism, the Scottish Government is now offering support to each premises, though at a 75% rate for the second and every additional premises.
09.04.2020: The DMA Politics Podcast
This week, Public Affairs Manager Michael Sturrock chats to senior Conservative backbencher and former Chair of the Digital, Culture, Media and Sport Committee, Damian Collins MP; founder of Iconic Labs and co-founder of one of the world's most visited Facebook pages, Unilad, Liam Harrington; and SNP Shadow Secretary for DCMS and renowned journalist and Broadcaster, John Nicolson MP.
As well as discussing infotagion, the new fact-checking service designed to tackle the wave of misinformation that has grown out of the coronavirus pandemic co-founded by Damian and Liam and supported by John, they discuss:
- Was parliament too slow in responding to Coronavirus?
- Why do people keep sharing 'my friend in the government says...' stories about coronavirus?
- When the science around coronavirus keeps changing, is that having an effect on misinformation?
- How does the mainstream media weed out misinformation?
- How do we deal with our allies, neighbours and enemies who use misinformation as a weapon?
- How will infotagion combat the coronavirus misinformation pandemic?
HM Treasury will be going live on twitter at 1500 to answer questions on accessing the Coronavirus Business Interruption Loan Scheme. While the rate of loan approval is doubling, there remain access issues regarding proof of business viability and banks not responding quickly to non-customers. The DMA has had meetings this week with the Government to push for further changes.
The chancellor announces £750m and says his plan will support “the unsung heroes” who are providing services “we all rely on”. Ministers will hand £360m directly to charities providing essential services to vulnerable people – such as hospices – and £370m to small and medium-sized charities.
Further details about how this money will be announced
Dozens of DMA members wrote to share their negative experiences with their banks when applying for the Coronavirus Business Interruption Scheme. The Government has announced changes after continued criticism. Find out what measures will be used to overhaul the CBILS.
The Government will announce changes to the Coronavirus Business Interruption Scheme (CBILS) after continued criticism. See predictions for what measures will be taken.
Learn about the Coronavirus Business Interruption Loan Scheme (CBILS) for small- and medium-sized businesses, changes the four big banks have made surrounding it and why, plus the requirements that continue holding back SME’s from staying afloat during this challenging time.
Read about the personal guarantees and interest rates that have shocked small- and medium-sized businesses when applying for a Coronavirus Interruption Loan Scheme (CBILS). Get a glimpse of how the guarantee works and the ways we're working to protect SME’s from failure.
The Government is committed to supporting apprentices and employers continuing to build their skills capabilities. Take a look at steps the Education and Skills Funding Agency is taking to ensure apprenticeships are completed and to support providers.
Discover the ‘Techforce19’ challenge, a programme looking for digital solutions that was introduced by the Department for Health and Social Care. See the plans in place to aid businesses that can help people who’re self-isolating.
23.03.2020: Coronavirus: Government Support Initiatives
Find a list of the measures announced by the Government from March 16 onwards to aid the economy during the coronavirus outbreak. Keep up-to-date on the support schemes available for various businesses.
New Chancellor Rishi Sunak has dedicated their budget to outlining the economic support available from the government during the coronavirus. Take note of the extra measures taken to help businesses and individuals support themselves.