The Government will temporarily guarantee trade credit insurance to assist businesses having trouble maintaining cover following impacts from the current pandemic.Trade Credit Insurance provides cover for business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It insures suppliers selling goods against the company they are selling to defaulting on payment, giving businesses the confidence to trade with one another. But due to Coronavirus and businesses struggling to pay bills, they risk having credit insurance withdrawn, or premiums increasing to unaffordable levels
Full details will be announced in due course.
Read more at www.gov.uk