Support For Large Businesses
Support for larger firms through the COVID-19 Corporate Financing Facility
Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. This will support a company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.
All non-financial companies that meet the criteria set out on the Bank of England’s website (here) are eligible.
How to access
The scheme is now open.
Apply here
Protection from eviction for commercial tenants
- All commercial tenants in England, Wales and Northern Ireland who cannot pay their rent because of COVID-19 will be protected from eviction.
- These measures will mean no business will automatically forfeit their lease and be forced out of their premises if they miss a payment up until 30 June. There is the option for the government to extend this period if needed.
- This is not a rental holiday. All commercial tenants will still be liable for the rent. Commercial tenants are protected from eviction if they are unable to pay rent.
- How to access:
The change will come into force when the Coronavirus Bill receives Royal Assent.
No action is required.