If you are an MIA member please log in and visit your dedicated COVID-19 update page here which includes additional support, advice and community opportunities.
The recent outbreak of COVID-19 has presented a changing work environment for businesses across the UK. To help the motorsport industry during
this unprecedented situation the MIA has created this page to provide
updates from government and key industry stakeholders.
The MIA, as an accredited trade association, is
representing the motorsport industry, participating in relevant
government and industry forums, and having direct channels of
communication with key government departments such as the Department for
International Trade and the Department for Business, Energy and
You can read a communication from the CEO of Motorsport UK on the current status of the sport here. (23 March 2020)
As we receive advice and guidance from UK government we will
share this with MIA members. Please see the below links for recent
updates, some of these guidance pages are being updated multiple times a day. Please regularly review for
the most recent information.
This guidance will assist employers and
businesses in providing advice to their staff on: the novel coronavirus,
COVID-19, how to help prevent spread of COVID-19, what to do if someone
has symptoms of COVID-19 has been in business settings and eligibility for
sick pay. This guidance also provides details of support available to businesses
The fraud threat posed during emergency
situations is higher than at other times, and all public bodies should
be attuned to the risks facing their organisations and the public
This document is a specification of the minimally clinically
acceptable ventilator, along with some preferred options, to be used in
UK hospitals during the current coronavirus (COVID-19) outbreak. (23 March 2020)
Covers Department and International Trade (DIT) support and financial support for British businesses trading internationally
It is already clear
that in these exceptional circumstances, authorities may need to procure
goods, services and works with extreme urgency. Authorities are
permitted to do this using regulation 32(2)(c) under the Public Contract
NHS Ventilator Crisis - Opportunity for MIA members
UPDATE 06/04/2020 - registration to supply ventilator
devices and components has now closed. After receiving offers of support
from over 5000 businesses and individuals the government request your
patience as they work through this correspondence. They will be matching
requirements and will reach out to companies individually.
The government has released a specification for ventilators to be
used in UK hospitals during the coronavirus (COVID-19) outbreak which
you can view here. You can also view exemptions from device regulations during the coronavirus (COVID-19) outbreak hereto understand which regulations can be relaxed.
you can offer a mechanical ventilator capable of Intermittent Positive
Pressure Ventilation (IPPV) please complete the submission form here.
Ventilator Challenge UK consortium update - 03/04/2020
- COVID-19: Call for rapid sanitising technology for ambulances
Defence and Security Accelerator (DASA) is looking for rapid sanitising
technology to speed up the time it takes to clean ambulances to help in
the national effort against Coronavirus and save lives. More
- We encourage any MIA members who have
PPE stock that they are able to donate to hospitals to contact their
local trust directly to find out how to do this. PPE items in demand
include face masks, goggles, gloves, Tyvek suits, shoe covers, plastic
aprons, barrier creams, detergent wipes and toilet roll (for NHS
- General offers of help such as logistics, medical devices, food, hand sanitiser, garments should fill in this form on the government website.
As we receive updates on support available from UK
government we will share this with MIA members. Please see the below
links for recent updates.
Coronavirus Business Interuption Loan Scheme (CBILS)
A new temporary Coronavirus Business
Interruption Loan Scheme, delivered by the British Business Bank, will
launch next week to support primarily small and medium sized businesses
to access bank lending and overdrafts. For more detail on eligilbiity,
providing partners and further information please visit the British
Business Bank website here.
New Coronavirus Large Business Interruption Loan Scheme (CLBILS)
CLBILS will ensure that more firms are able to benefit from UK government-backed support during this difficult time. It will provide a UK government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. More information here.
Support for larger firms through the COVID-19 Corporate Financing Facility
Under the new Covid-19 Corporate Financing
Facility, the Bank of England will buy short term debt from larger
companies. More information available via the Bank of England here.
Coronavirus Job Retention Scheme
UK employers will be able to access
support to continue paying part of their employees’ salary for those
employees that would otherwise have been laid off during this crisis.
HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of
per month. HMRC are working urgently to set up a system for
reimbursement. More information here. Read here about updates that could save businesses an extra £300 a month for each employee under the scheme.
Self-employment Income Support Scheme (SEISS)
SEISS will support self-employed
individuals (including members of partnerships) who have lost income due
to coronavirus (COVID-19). You can claim a taxable grant worth 80% of
your trading profits up to a maximum of £2,500 per month for 3 months.
may be extended if needed. For more information on claiming please
From today (25 March 2020), businesses
will be able to apply for a 3-month extension for filing their
accounts.This joint initiative between the government and Companies
House will mean businesses can prioritise managing the impact of
information available here.
New HMRC helpline launched to help
businesses concerned about paying their tax due to coronavirus
(COVID-19). For more information please click here.
For VAT, the deferral will apply from 20
March 2020 until 30 June 2020. This is an automatic offer with no
applications required. Businesses will not need to make a VAT payment
during this period. Taxpayers will be given until the end of the 2020 to
tax year to pay any liabilities that have accumulated during the
deferral period. VAT refunds and reclaims will be paid by the government
as normal. Businesses still need to submit their VAT return on time and cancel any direct debit with their banks. More information available here.
Small Business Grant Funding
This will provide a one-off grant of
£10,000 to eligible businesses to help meet ongoing business costs. For
more information and eligibility criteria please click here.
Statutory Sick Pay Rebate
The government will bring forward
legislation to allow small-and medium-sized businesses and employers to
reclaim Statutory Sick Pay (SSP) paid for sickness absence due to
COVID-19. For more information please click here.
Most commercial insurance policies are
unlikely to cover pandemics or unspecified notifiable diseases, such as
COVID-19. However, those businesses which have an insurance policy that
covers government ordered closure and pandemics or government ordered
closure and unspecified notifiable disease should be able to
make a claim (subject to the terms and conditions of their policy).
Insurance policies differ significantly, so businesses are encouraged to
check the terms and conditions of their specific
policy and contact their providers. Further information is
Check which expenses are taxable if your employee works from home due to coronavirus (COVID-19)
Find out what equipment, services or
supplies are taxable if your employees are working from home due to
coronavirus (COVID-19) on the government website here.
Government amends insolvency law to help companies keep trading while they explore options for rescue
This includes: A moratorium for companies giving them breathing space for from creditors enforcing their debts for a period of time whilst they seek a rescue or restructure; Protection of their supplies to enable them to continue trading during the moratorium; and; A new restructuring plan, binding creditors to that plan. Find out more here.
Upcoming webinars by Government and non-government partners.
UK Government’s Business Support Website has a list of upcoming webinar events from Government and non-government partners. More information here.