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Covid-19 and relaxing the lockdown: what do UK businesses need to consider?

The UK Government is under increasing pressure to set out how it proposes to manage a possible easing of the Covid-19 lockdown in order to allow more everyday activities to resume, particularly economic activity. The Prime Minister has urged caution, but we think it makes sense to look ahead to how the lockdown might be eased so that businesses can take appropriate steps to prepare.

Proposed future fund loans to mitigate the effects of COVID-19 on innovative companies

On 20 April 2020, the Government announced a new scheme to issue convertible loans to innovative companies which are facing financial difficulties due to COVID-19, provided that funding is matched by at least an equivalent amount of funding from private investors (the "Future Fund Scheme").

Coronavirus Job Retention Scheme: automatic enrolment pensions contributions

The Coronavirus Job Retention Scheme (CJRS) is a government-funded scheme that provides a contribution towards wage costs for employers who stand staff down as a result of the COVID-19 crisis. Where, by reason of circumstances arising as a result of the coronavirus, the employer instructs an employee to cease all work in relation to their employment for 21 days or more, the employer can make them a "furloughed worker".

The impact of COVID-19 delays on developments

Developers, pre-let tenants and funders are all looking hard at their development agreements, development funding agreements, agreements for leases and building contracts to assess what impact the COVID-19 pandemic, and the Government's response to it, will have on their current construction works in England. We outline in this note some of the key information and issues for such parties to consider before deciding whether or not to suspend or continue their works.

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