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ARTICLE · 18 JUNE 2020

COVID-19: UK And US Economic Support Mechanisms

Mayer Brown
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The plethora of economic policy commitments to support business in the UK and the US in the face of COVID-19 can be difficult to navigate.

GlobalCoronavirus (COVID-19)
Michael Hutchinson
Michael Hutchinson
Kate Ball-Dodd
Kate Ball-Dodd
Andrew Kugler
Andrew Kugler
Warren Payne
Warren Payne
Nicholas Robertson
Nicholas Robertson
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The plethora of economic policy commitments to support business in the UK and the US in the face of COVID-19 can be difficult to navigate. Our lawyers recently held a webinar in conjunction with PLI to provide an overview of the various support schemes implemented in the UK and the US, focusing on UK schemes such as the Coronavirus Business Interruption Loan Scheme ("CBILS"); UK Coronavirus Job Retention Scheme (aka Furlough Scheme); the COVID Corporate Financing Facility ("CCFF"); and on Financial Conduct Authority ("FCA") reforms and working capital assistance for UK listed companies. It also considered emergency relief measures in the US, including the Federal Reserve's Paycheck Protection Program Liquidity Facility.

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