So Covid19 is really taking its toll on businesses. Uh, I've just heard from my daughter's restaurant that they are having to shut down probably and probably lay everyone off. And if not sever the contracts, you know, it is a difficult times out there. And so all I would say is now is the time to get resourceful.
Chances are, if you haven't got cash resources, you'd need to sort of get some credit facilities. But before you start putting your house, uh, please don't read mortgage house. Please don't put any personal assets up for grabs. The government is looking like it's creating a loan facility for businesses.
Now. It is a loan rather than a grant and it means it has to be paid back. But I think it's going to be on very favorable interest terms if not complete and completely interest free. But please hang in there. Let's wait until we get a bit more news. This thing is developing fast. It is going to be economically devastating as well as, of course, some of our loved ones are going to get ill and.
You know, you have to take time off. So let's, let's keep our fingers crossed that it all ends well. In the meantime, you know, we're here to support you. Uh, this is Gordon to Silva wishing you well and you and your families take care. Health is the most important thing. Then of course, we need to make sure our businesses support us.
Take care of all the best. Goodbye.
Links
Business Support: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
Support for those affected: https://www.gov.uk/government/publications/support-for-those-affected-by-covid-19
CoVid-19 Action Plan: https://www.gov.uk/government/publications/coronavirus-action-plan
Guidance for employees: https://www.gov.uk/government/news/coronavirus-covid-19-guidance-for-employees-employers-and-businesses
Claim for wage costs through the Coronavirus Job Retention Scheme: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
