COVID-19: CLBILS, SSP Rebate Scheme Launch Date And Case Studies

20th May 2020
Paul Brooks

Coronavirus Large Business Interruption Loan Scheme: https://bit.ly/CLBILSUpdate
The government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme from £50 million to £200 million.

Loans under the expanded scheme will be made available to large businesses affected by coronavirus from next week.

Changes also mean companies receiving help through CLBILS and the Bank of England’s Coronavirus Corporate Financing Fund will be asked to agree to not pay dividends and to exercise restraint on senior pay

Coronavirus Statutory Sick Pay Rebate Scheme: https://bit.ly/SSPLaunchDate
The recently announced Coronavirus Statutory Sick Pay Rebate Scheme will go live from 26th May, when a new online service will be launched for small and medium-sized employers – with fewer than 250 employees – to recover Statutory Sick Pay (SSP) payments they have made to their employees.

Employers will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13 March 2020.

Full guidance can be found here: https://bit.ly/SSPRebateScheme

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