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Business Continuity

Plan and prepare

We advise everyone that it would be sensible to prepare and consider adjustments to your business plans with regard to the ongoing coronavirus outbreak. Consider the changes required to adjust to the current and future situation.

If you have public-facing premises then you may have to consider closing for a period of time, cancel planned events (such as outside broadcasts), or take action if staff are taken ill. We have an example community radio station action plan here.

Business Support

There is a useful eligibility checklist for Government-funded business support for coronavirus here (PDF, 44.9 KB).

COVID-19: support for businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

This includes a package of measures to support businesses including:

a Coronavirus Job Retention Scheme
deferring VAT and Self-Assessment payments
a Self-employment Income Support Scheme
a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
the HMRC Time To Pay Scheme