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COVID-19 - Corporate Finance Facility
Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.
This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.
It will also support corporate finance markets overall and ease the supply of credit to all firms.
Eligibility
All UK businesses are eligible.
How to access the scheme
The scheme will be available early in week beginning 23 March 2020.
We will provide information on how to access the scheme here shortly.
More information is available from the Bank of England.
https://www.bankofengland.co.uk/markets/market-notices/2020/ccff-market-notice-march-2020
Call 0121 783 5392
We'll explain the resources available to you and your business.
- Job Retention Scheme
- Self-Employed
- Deferring VAT payments
- Deferring Income Tax payments
- Business Tax – Time to Pay Scheme
- Statutory Sick Pay relief package for SMEs
- Business rates holiday
- Grant funding for all business in receipt of small business rate relief or rural rate relief
- Grant funding for retail, hospitality and leisure businesses
- Business Interruption Loan Scheme
- Bank of England lending facility
- Increase to Working Tax Credits
- Universal Credit
- Mortgage Holiday for 3 months.
- Insurance Cover
Follow us for an explanation of the latest government updates.
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