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Millions of people across the UK were furloughed on 80% pay

The number of UK firms going bust tumbled by a third last month thanks to Government life-support measures but companies may face greater risks as the economy emerges from coronavirus, according to a report. The steep drop comes after the Government launched its mammoth job retention scheme that has seen millions of people furloughed on 80% pay, as well as a raft of loan and finance support schemes.

The Scottish Government has today (5 May) published further information, following the original publication COVID-19: A Framework for Decision Making. This update sets out further information about the challenges Scotland faces and provides illustrative examples of the steps that might form part of the initial changes to the current lockdown restrictions. The document can be found

A face mask prototype that is aimed to help prevent the spread of coronavirus is being developed by a company in partnership with University of the West of Scotland academics.

Fabric engineering company tensARC is creating the product Face Gaiter for use by members of the public, particularly in work environments where social distancing is more difficult.

The aim is to carry out the project without interfering with supplies of PPE for frontline workers.

The coronavirus lockdown is leading to lasting changes in the way UK companies operate, according to new figures from the Institute of Directors.
In a survey of hundreds of business leaders, four out of ten said their organisation had made adjustments that they intend to keep in place after lockdown.

A £100 million package of additional grant support for small and medium sized businesses (SMEs) and newly self-employed people opens for applications later today.

The three separate funds will be administered by local authorities and Scotland’s enterprise agencies and will begin to pay out grants in early May.

They include a £34 million hardship fund for the newly self-employed, a £20 million fund for small and micro enterprises in the creative, tourism and hospitality sectors and £45 million for viable SMEs crucial to the Scottish economy which are vulnerable.

Scottish SMEs are missing out on thousands of pounds of unclaimed research and development tax credits, it has been claimed.
Many businesses are unaware that they are eligible for this funding, which can be claimed against spending on research and development in a wide range of areas. In particular, companies that have repurposed their manufacturing lines to produce face masks, hand sanitiser and ventilators to support the Covid-19 relief efforts will be eligible to claim back money against the cost of staffing, consumables and the reworking of supply chains.

In an exclusive column for The Courier, Scottish Enterprise chief executive Steve Dunlop outlines his vision for economic recovery

Scottish Enterprise has welcomed Tuesday 21st April statement from Cabinet Secretary Fiona Hyslop that an extra £100m will be made available to the newly self-employed and firms suffering hardship.

With a mission to build the world’s largest environmental movement to drive transformative change for people and planet.

Air navigation service providers across Europe will share a £1.1 billion support package to maintain services, as the fall in air traffic has led to a dramatic reduction in their income.

The UK, along with other European states, has supported the intergovernmental organisation, EUROCONTROL, which manages charging for air navigation services across Europe, in securing a loan of £1.1 billion to maintain critical air navigation services, which have been affected by the fall in air traffic from coronavirus.