COVID-19

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Helping businesses battle COVID-19

Coronovarius has had an unprecedented effect on the world and businesses have had to adapt to make sure staff and, in turn, the wider community are safe from the pandemic.

This has had huge implications for businesses globally. From distrubed supply chains to diminished production, companies of all sizes have had to face, at times, crippling challenges.

Staff well-being has rightly been paramount to businesses, who have also been trying to ensure businesses mitigate losses caused by the pandemic. As governments everywhere attempt to curtail the spread of the virus, new regulations and laws have forced businesses to make difficult decisions very quickly.

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Corporate Law

Developing agile strategies to navigate COVID-19

Moreso than ever, businesses need to be agile and responsive to the ever-changing economic and bureaucratic landscape.

With governments announcing new laws and regulations with little warning whilst requiring swift and agile responses, businesses have been forced to navigate complex, and at times contradictory, scenarios.

Spencer Churchill is here to help businesses deal with these fresh challenges and the new obligations businesses face. We’re able to provide clear advice and guidance to businesses working hard to move forward in these uncertain times on financial, employment and regulatory issues.

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Covid-19

How can we help businesses during COVID-19?

Spencer Churchill are experts in all aspects of corporate and commercial law, this includes contractual and employment law, which are two of the key areas affected by the pandemic.

Here are some of the areas we can support businesses in during the pandemic:

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Governance and Compliance

Data Protection

Financial Support

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    COVID-19 regulation FAQs

    What financial support is available for small to medium-sized businesses in the UK during COVID-19?

    Businesses are eligible for up to £5million worth of loans, which are interest fee for 12 months and available to apply for until the 31st March.

    The government Bounce Back Loan scheme allows small and medium-sized businesses borrow between £2,000 and £50,000, which is also interest-free for 12 months and available until the 31st March.

    For more information on the financial support available to businesses during the pandemic, we recommend you visit the official government website here:

    https://www.gov.uk/coronavirus/business-support?priority-taxon=774cee22-d896-44c1-a611-e3109cce8eae

    What financial support is available for larger businesses in the UK during COVID-19?

    As with SMEs, larger businesses can also access financial packages provided by the government. This includes the Coronavirus Large Business Interruption Loan Scheme which enables banks to loan up to £200m to firms who generate a turnover in excess of £45m. This is also open for applications until 31st March 2021. For more information, you can visit the official government website here:

    https://www.gov.uk/coronavirus/business-support?priority-taxon=774cee22-d896-44c1-a611-e3109cce8eae

    How does COVID-19 affect sick pay?

    Employees are entitled to the employer’s usual sick leave and pay provisions, which includes statutory sick pay (SSP), so if an employee is off work with symptoms or a positive test, they should be treated as any sick employee would be.

    What do I have to do if an employee is suspected to have COVID-19 symptoms or has tested positive for COVID-19 in the UK?

    You don’t necessarily need to shut down your facility if an employee has tested positive, however, you should close-off any areas that have been used by the infected person for a prolonged period of time.

    It’s also recommended that businesses:

    • Tell the infected individual to stay at home and self-isolate along with their household and inform NHS Test and Trace of their new circumstances and recent contacts
    • Wait 24 hours before cleaning and disinfecting the affected areas so employees aren’t exposed to potential respiratory droplets.
    • Open windows and doors to these areas to make sure air circulation is increased
    • Make sure you not only disinfect these areas, but also continue to maintain the hygiene and cleanliness of the working environment as standard best practice.

    If NHS Test and Trace identifies more than one case of COVID-19, or any other specific risk circumstances, at your venue you will be contacted to receive support and to share the contact details you have collected so that they can contact anyone who may have been exposed to the virus.