Project Birch: Difference between revisions
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imported>Doug Williamson (Create page. Sources: ACT blog & dwflegal webpage https://www.dwf.law/en/Legal-Insights/2020/May/Project-Birch) |
imported>Doug Williamson (Remove surplus link.) |
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''Business continuity - pandemic - UK.'' | ''Business continuity - pandemic - UK.'' | ||
Project Birch | Project Birch was a temporary UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19. | ||
The UK government | |||
The UK government: | |||
:'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".' | :'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".' | ||
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==See also== | ==See also== | ||
*[[ | *[[Bailout]] | ||
*[[Bounce Back Loan Scheme]] | *[[Bounce Back Loan Scheme]] | ||
*[[Business continuity plan]] | *[[Business continuity plan]] | ||
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[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses] | [https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 12:45, 28 December 2022
Business continuity - pandemic - UK.
Project Birch was a temporary UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19.
The UK government:
- 'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".'
- DWF Law, Legal Insights, 29 May 2020
See also
- Bailout
- Bounce Back Loan Scheme
- Business continuity plan
- Coronavirus Business Interruption Loan Scheme
- Coronavirus Job Retention Scheme
- Coronavirus Large Business Interruption Loan Scheme
- Coronavirus crisis
- COVID-19
- COVID-19 Corporate Financing Facility
- Liquidity management
- State aid
