UK Government’s Coronavirus Financial Support for Businesses

UK Government’s Coronavirus Financial Support for Businesses

April 5, 2020, Covington Alert

With its announcements on Friday 3 April 2020, the UK government has now introduced three different schemes to facilitate access to Coronavirus finance for larger, mid-sized and smaller businesses in UK. Three separate schemes have been established to reflect the varied issues that business of different sizes have been encountering. Each scheme seeks to directly or indirectly enable the businesses covered by it to obtain finance provided they satisfy certain conditions. This briefing note provides an overview of these three different schemes.