Coronavirus Update: Financial Relief Announced

DLP will continue to update employers about changes during the coronavirus outbreak in the UK.

Relief based on the 2020 budget delivered 11 March

• £5bn emergency response fund to support the NHS and other public services
• Statutory sick pay will be paid to all those who choose to self-isolate, even if they don’t have symptoms
• Contributory employment Support Allowance benefit claimants will be able to claim sick pay on day one, not after a week
• £500m hardship fund to help vulnerable people
• Firms with less than 250 staff will be refunded for sick pay payments for two weeks
• Small firms will be able to access “business interruption” loans of up to £1.2m
• Business rates will be abolished for firms in the retail, leisure and hospitality sectors with a rateable value below £51,000

Additional resources

Check the daily Government updates for the latest information on coronavirus. (updated 2PM each day)

Read the ACAS guidelines.

DLP will prepare additional guidance should the situation change.

This page does not offer legal advice for your organisation or specific situation. Further, DLP is not qualified to offer medical advice.