The ongoing COVID-19 pandemic has created an unprecedented set of circumstances that will pose a challenge to any business. We are in regular dialogue with our tenants and encourage anyone with concerns to contact their estate manager. However, in order to provide proper assistance we need to consider each case individually and so ask for your patience at this time.
On 17 March, the government announced a £350 billion package of measures to help businesses and households during this time, including government-backed loans to assist in the payment of employees' wages, grants for small firms and a year without business rates for all retail, hospitality and leisure businesses. We advise all our tenants to make use of these measures where possible, as well as utilising the resources and guidance from industry bodies such as Bira, the British Independent Retailers Association and a partner of Sorbon Estates, which is providing advice to its members on COVID-19.
While the situation is evolving rapidly, we continue to take action where we can and are closely monitoring events. Thank you for all of your co-operation at this time.