Dear Colleague,
The Government has confirmed the UK will remain in lockdown for at least another three weeks. We continue to liaise with members and the relevant Government departments to ensure franchised dealers receive the best possible support throughout these challenging times. If you are an NFDA member and not currently receiving our daily COVID-19 bulletin, please email nfda@rmif.co.uk.
We have produced ‘Online Sales Guidance’ for dealers which is intended to clarify as far as possible the current position surrounding requirements and restrictions relating to online sales, vehicle transportation and distribution. NFDA members should have already received the full document, please find a summary in the news.
There have been a number of relevant developments. In particular, the cut-off date for eligibility for the Job Retention Scheme has been extended to 19 March, the scheme itself has also been extended to the end of June and will formally launch on Monday 20 April. The Large Business Interruption Loan Scheme will also open on 20 April. Please find more details in the news.
The FCA has announced a package of measures aimed at supporting consumers facing payment difficulties due to Coronavirus. In the motor finance area, these include a 3-month payment freeze. Please find more details below.
This week, we wrote to Northern Ireland Finance Minister to urge him to extend business rates discount for the retail sector. In fact, while in England and Scotland retail businesses will enjoy a business rates holiday of 12 months, currently all businesses in Northern Ireland will pay no business rates for only three months from 1 April.
NFDA is the voice of automotive retailers. If you require any assistance, please contact our member helpline – 01788 538303.
Sue Robinson, NFDA Director
