The UK and devolved governments are implementing a number of
measures intended to mitigate the economic impact of the COVID-19
pandemic. Businesses are reviewing their own positions and taking a
number of steps to protect themselves so that they are in as strong
a position as possible to get through the crisis and emerge from it
in a viable state. The position of existing borrowing and the
availability of future borrowing is a critical part of this and
borrowers, banks and other funders need to consider a series of
questions, including those outlined below.
Planning cashflows
Businesses need to update their immediate and longer-term
cashflow positions, capital expenditure plans and other business
and financial forecasts as best they can. They should take account
of trading conditions and
available government COVID-19 assistance with the likes of
payroll, rates and other taxes, while bearing in mind possible
diversification, the availability of business
