BFM is calling on government for urgent action to inject cash into the industry in COVID-19 crisis. According to the BFM, early estimates suggest approximately....
BFM produce new information resource to support industry in COVID-19 crisis
According to the BFM, early estimates suggest approximately 100,000 people in the furniture and furnishings sector have been made redundant or laid off, most under the government’s Job Retention Scheme.
BFM is in regular discussion both directly, and through the British Furniture Confederation, with the Department for Business, Energy and Industry Strategy (BEIS), and has told them it is now vital that the government’s cash provision for this scheme quickly reaches its members.
Nick Garratt, BFM’s MD, said: “We are campaigning hard to the government on the issue of paying wages, under the Job Retention Scheme.
“It has been widely-perceived as a good move and a positive action.
“There are many furniture industry staff on the scheme already and it should be a big help as we move through this unprecedented situation.
“However, we do need clarity on the workings and the process of furloughing staff.
“Some of the detail is still unclear and we are pushing to get legislation written on that because, until this is written, there’s still a lot of interpretation going on.
“That is vital because, at this stage, companies are standing the cost of wages.”
Other matters that the BFM are in talks with BEIS on include the Coronavirus Business Interruption Loan Scheme (CBILS), the role of the banks, and business rates relief.
Full details of the BFM’s position in these areas is provided by Nick Garratt in his latest video briefing, available to view at http://bfm.org.uk/covid19.html on the association’s Covid-19 online area.
Nick added: “Things are unravelling day-by-day on the detail and we are stepping up our bulletins, and the placing of material on our Covid-19 web area, to keep members informed.
“What is really important is that we hear from our members, so we can voice their issues and concerns directly to government.”