Update 18:00 PM Friday 29th May with new information on the government’s coronavirus job retention scheme and self-employed income support scheme.
We will update this web page on an ongoing basis to link to the latest government advice for businesses relating to Coronavirus (COVID-19), as well as relevant announcements and resources of relevance to the publishing industry.
Please check back regularly for the latest information.
For the latest information and advice, employers and business owners should visit COVID-19: guidance for employees, employers and businesses. Businesses should check for daily updates and subscribe to receive GOV.UK email alerts to ensure they are acting on the most up to date information.
Please expand the headings below for detailed information on the various guidance and economic support available, as well as relevant updates from various departments.
The Chancellor Rishi Sunak has laid out a series of economic measures to support businesses and individuals through the COVID-19 crisis. These are outlined below and are being regularly updated:
£330bn (15% GDP) is available through Government-backed loans and guarantees. There are two types of loans available:
For large companies, a new lending facility will be established to provide “low cost, easily accessible” loan
For SMEs, the Business Interruption Loan Scheme will now offer loans of up to £5m with no interest due for the first 12 months.
For start-ups, the Chancellor has announced a £1.25 billion support package focussed on research and innovation. To qualify to receive the government money, a company must have raised £250,000 privately in the last five years and not be eligible for the other rescue schemes. BBC coverage here.
In March, the Secretary of State for Education made a statement to the House of Commons explaining the effect of COVID-19 on schools and other education institutions. This has ramifications for the education publishing environment. The key announcements were as follows:
On May 4th the government announced a series of new measures including:
Collating information from publishing businesses about the most pressing and urgent issues that you are facing will inform our government lobbying strategy.
Thank you to those who participated in our publisher survey in March. We will continue to survey our members to gather business intelligence on how COVID-19 is impacting our industry. If you would like to participate in these surveys, please get in touch with Eliza: firstname.lastname@example.org
The Department for Business, Energy and Industrial Strategy is also seeking business intelligence on how COVID-19 is impacting individual businesses and business sectors. They are welcoming information from businesses on:
You can send your business intelligence to email@example.com. It is understood that individual company information may be commercially sensitive, and it will be treated accordingly.
The Booksellers Association and their members are very grateful for anything publishers can do to promote books and bookselling at this difficult time for high street retailers. You can find social media resources and more information here.
If you have concerns relating to your business or would like to highlight something that you are doing, please get in touch with Maeve or Eliza respectively.