New Updates and Guidance
New
Government unveils £200 million package to help innovative businesses bounce back
The Sustainable Innovation Fund will help companies across all parts of the UK recovering from the impact of coronavirus keep their cutting-edge projects and ideas alive. The Sustainable Innovation Fund will help power the UK’s economic recovery and develop new sustainable opportunities for businesses in any sector following the coronavirus pandemic, while helping the UK meet its ambitions to cut carbon emissions to net zero by 2050. Businesses can apply for support through the Sustainable Innovation Fund by visiting the Innovate UK website from Monday 29 June. Find out more here.
More firms can now benefit from the Future Fund
Changes to the Future Fund’s eligibility criteria will mean that UK companies who have participated in highly selective accelerator programmes and were required, as part of that programme, to have parent companies outside of the UK will now be able to apply for investment. Find out more here.
Support for university research and innovation during coronavirus
Research jobs and ground-breaking projects impacted by coronavirus to be protected by 2 new government support packages: A new research funding scheme opens this autumn to cover up to 80% of a university’s income losses from a decline in international students; and around £280 million in government funding will be made available to enable universities to continue their cutting-edge work, such as research into antibiotics resistance and the effects of coronavirus on society. Find out more here.
Mandatory MOT testing to be reintroduced from 1 August
Mandatory MOT testing is to be reintroduced from 1 August 2020. Due to the coronavirus outbreak, drivers were granted a 6-month exemption from MOT testing in March. However, as restrictions are eased when safe to do so, all drivers whose car, motorcycle or van is due for an MOT test from 1 August will be required to get a test certificate to continue driving their vehicle. Find out more here.
Keep Britain Tidy
Please have rubbish facilities available if you offer disposable items from your business. If you are outdoors meeting friends, please don’t leave your litter behind. Bin it, or if the bin is full, take it home with you. This will help reduce the risk of coronavirus spreading. Find out more here.
Updates
Coronavirus job retention scheme: video with details on flexible furloughing
Watch a video on the coronavirus job retention scheme with information on flexible furloughing and watch other videos about the support available to help deal with the economic impact of coronavirus. Find out more here.
Advice for food businesses in response to the coronavirus outbreak in the UK. Updated guidance includes a new section on prevention of infection and a revised section on management of outbreaks including contact details for health protection teams. Find out more here.
Additional guidance for publicans destroying spoilt beer
Additional guidance has been added for publicans destroying spoilt beer. Find out more here.
Exporting PPE
Guidance has been updated as you no longer need to apply for an export licence to export personal protective equipment (PPE). Find out more here.
Safer travel guidance for operators and passengers
Safer travel guidance for passengers and operators in England has been updated with information on social distancing.
Corporate Insolvency and Governance Act 2020
The measures introduced by the Act will relieve the burden on businesses during the coronavirus outbreak and allow them to focus all their efforts on continuing to operate. Find out more here.
Please see details on the Corporate Insolvency and Governance Bill Webinars below:
- To find out how provisions on AGMs and filing extensions will affect companies, please join us for our Corporate Governance session at 10.30am on 30th June. You can register here.
- To find out how the new rules on moratoriums, restructuring and winding-up petitions will affect companies and their associated parties, register to join our Insolvency session at 10.30am on 7th July. You can register here.
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