Coronavirus (COVID-19) has had an unprecedented impact on businesses, so we have pulled together some useful links with information to help you, your staff and your business during this crisis.
Health and Wellbeing
Your health and your team’s health is top priority. Here’s some health and well-being advice we’ve collated from a few trusted sources:
It’s clear that many employees will fall ill with Covid-19, the government has taken the step to give statutory sick pay from day one instead of day four.
Business Wales Support for COVID-19 – Includes information on PPE (Personal Protection Equipment).
Chartered Management Institute (CMI) – Managing your mental health during a crisis – This has some great tips on dealing with anxiety, stress and practising self care.
Below is a list of official business support organisations and networks that can advise on what help is available to businesses:
Business Wales Support for COVID-19 – Includes practical advice for businesses about finance, business rates, support for the self employed and employees. There’s also a range of useful webinars for businesses in Wales.
‘Be the Business’ business support during the Coronavirus outbreak – Includes tips and FAQ’s about Coronavirus for business owners and leaders, including stories and information from other businesses.
.GOV Support and information for businesses during COVID-19 – Includes practical advice on what government support packages are available for businesses at this time in the UK.
FSB (Federation of Small Businesses) – Coronavirus (COVID 19) – Advice and guidance for small businesses and the self-employed – Includes help and support for small businesses as well as the latest small business news and how to access help from local councils.
Leadership and Management Support and Advice
Leadership and management are particularly important during a crisis but it can be extra tough for leaders, here’s some support to help you lead through these times:
CMI hub for leading and managing during the COVID -19 crisis – Includes help specifically on leading and managing. You can also access a range of webinars to help keep you motivated and see the common challenges that other businesses are facing.
CMI Better Managers Manual – Managing the new normal: A Practical Guide to Navigating the Impacts of COVID-19.
Leadership in a crisis (Mckinsey.com) – This article gives practical advice on leading teams and organisations through a crisis.
You’re Not Powerless in the Face of Uncertainty – An article with some useful advice from Professor Nathan Furr. Over the last five years he has studied people who navigate uncertainty well with some interesting findings.
Crisis Leadership: Principles and tactics for success when your world turns upside down – Recommended reading from our tutors.
Below are some links to additional financial support available at the moment:
Business Wales Support for COVID-19 – Includes practical advice for businesses about finance, business rates and support for the self employed.
The British Business Bank is open to application for loans to support businesses through this challenging time.
High-street banks such as Barclays, HSBC, Lloyds and Natwest may also be able to support your business loans during this time.
HMRC has updated its processes with the aim of making claims and relief easier to navigate. Find out more information here.
You may be eligible for a tax holiday if you are a retail, leisure, or travel company.
Larger companies can access funds through the new Covid-19 Corporate Financing Facility. All the major banks are offering this scheme.
The Coronavirus Business Interruption Loan Scheme enables small companies to access working capital of up to £5m for up to six years. The government will pay to cover the first 12 months of interest payments. Again, all the major banks are participating.