NEWS
BESA welcomes new government financial guarantee
T
he Building Engineering Services Association (BESA) has welcomed the government’s announcement of further support for
businesses provided by a Trade Credit Insurance guarantee of business-to-business transactions. Economic Secretary to the Treasury John Glen today announced that businesses with supply chains that rely on Trade Credit Insurance and are experiencing difficulties maintaining cover because of the current COVID-19 crisis will received support in the form of a temporary government backed guarantee. This will help to maintain most insurance coverage across the market.
Trade Credit Insurance provides cover to
hundreds of thousands of business-to-business transactions, particularly in non-service sectors, such as manufacturing and construction. It insures suppliers against the possibility of another party defaulting on payment. This gives businesses the confidence to trade with one another. However, because of the current crisis businesses are struggling to pay bills and risk having credit insurance withdrawn or their premiums increasing to unaffordable levels.
Small Business Minister Paul Scully, who recently appeared as a guest on the BESA COVID-19
webinar, said: “Giving businesses the confidence to continue trading is vital to seeing us through this crisis. This guarantee will be essential as we seek to reopen new sectors of the economy and get the UK back to work in a way that is safe for everyone.”
BESA members could benefit substantially from the announcement according to the Association’s Director of Legal & Commercial Debbie Petford: “The government’s Trade Credit Insurance guarantee is a positive mo ve that should protect both businesses and customers from defaulting on their payments.”
Rankine 2020 to be held as a virtual conference
T he IIR International Rankine 2020
Conference – Advances in Cooling, Heating and Power Generation will now be held
from 27 to 31 July as a virtual event allowing even more delegates to take part in this unique and unprecedented event.
Using online technology, the event will include over 60 paper presentations, keynote lectu res, short courses and online discussion groups in the Rankine Coffee Room. Du ring the conference delegates will be able to attend the live presentation or choose to listen to the recordings of the presentations at a time to suit them. Delegates will also ha ve the added value of being able to access the recordings of the presentations until the end of 2020. In addition to the conference moving online, delegates will ha ve access to a closed LinkedIn group allowing them to
exchange ideas and connect prior, du ring and after Rankine 2020.
T alking about the conference, Dr
Andy Pearson, Chairman of the Planning Committee said “we are living through unprecedented times and there’s never
been a bigger need for novel ideas to overcome some of the cu rrent challenges we face. Rankine 2020 is the first event to bring together the disciplines of RACHP and ORC (Organic Rankine Cycle) and holding it as a virtual event will allow even more delegates to join, thus generating more innovative solutions to topical issues.”
This event will be a unique opportunity to be involved in exploring research and developments in the closely related fields of thermodynamic cycles, working fluids, and their applications to refrigeration, air conditioning, heat pumps and
power generation, and their roles in moving the world forward into a futu re that delivers, heating, cooling and power in a way that is efficient, sustainable and environmentally friendly. The early bird registration fee, which is valid until 15 June 2020, starts from £120 + VAT and includes access to all live conference sessions, the online networking opportunities, the published conference proceedings and online access to the conference recordings until the end of 2020. To find out more about the conference, visit
www.rankine2020.com
Lordan ta Industrial Estate, Hengo dustrial Estat oed, CF82 7SS • 01443 812222
LORD AN
BEYOND THERMAL ENGINEERING
MADE IN BRITAIN 11 • stuart@lor
tuart@lordan-uk.com
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