Updates from UK _ 1 July 2020

The Prime Minister has announced a ‘New Deal’ putting jobs and infrastructure at the heart of the Government’s economic recovery strategy. The announcement included £5 billion of capital investment projects, including: £1.5 billion for hospitals, £100 million for road networks, a ten year school building project, and £900 million for ‘shovel ready’ local growth projects. The full transcript of the Prime Minister’s speech and the press notice are available on GOV.UK

 

Coronavirus (COVID-19)

  • The Government’s new Sustainable Innovation Fund opens for applications today. The fund will provide £200 million in grants to support innovative UK businesses.
  • The Corporate Insolvency and Governance Bill received royal assent on 25 June 2020. The new measures (such as temporary easements for Company House filings and changes to the insolvency framework) will relieve the burden on businesses during the coronavirus (COVID-19) outbreak.
  • UK Export Finance (UKEF) has published its 2020 to 2024 Business Plan. The plan sets out UKEF’s strategy over the next four years, including their role in the UK’s recovery from the impact of coronavirus (COVID-19).

 

Transition period and delivering FTAs