Coronavirus support from Business Representative Organisations and Trade Associations 

The government is working closely with Business Representative Organisations and Trade Associations to support the national response to coronavirus. 

A list of organisations has been made available for businesses to speak with to seek advice. Many of these organisations are also happy to respond to non-member queries related to coronavirus.

There is also sector-specific guidance and useful question and answer sections. For further information please click HERE.
Trade Credit Insurance backed by £10 billion guarantee 

The government is set to provide guarantees of up to £10 billion to Trade Credit Insurance schemes for business-to-business transactions. 

This Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of Trade Credit Insurance coverage maintained across the UK. 

The guarantees will support supply chains and help businesses during the coronavirus pandemic to trade with confidence, safe in the knowledge that they will be protected if a customer defaults or delays on a payment.

This scheme is available on a temporary basis for nine months, backdated to 1 April 2020, and available to insurers operating in the UK market. For further information please click HERE.
Business Support Guide

Our comprehensive coronavirus Business Support Guide has been updated to reflect the new phase of guidance as announced by the Government.

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Luton BID is project managed by Partnerships for Better Business Ltd (pfbb UK)