Businesses will be able to access government support from today (Monday 23 March) to keep operating in the face of the global economic emergency brought on by coronavirus.

Details of two new loan schemes are being confirmed and an information campaign launched so that businesses know how to get help.

More than £330 billion of loans and guarantees to help firms continue operating will be available for applications from the two schemes launching today - as the government delivers on its commitment to do everything it can to support business and manage cashflows during this difficult time.

For small and medium sized businesses, the new Coronavirus Business Interruption Loan Scheme is now available for applications. This scheme will help any viable business with a turnover of up to £45m to access government-backed finance of up to £5 million. Interest payments and any lender-levied fees for businesses will be covered by the Government for an initial period of up to twelve months.

More advice below:

https://www.gov.uk/government/news/coronavirus-business-support-to-launch-from-today

 

Air Conditioning and Refrigeration Industry Board member organisations

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