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The Church Commissioners and National Church Institutions are in discussions with dioceses during this challenging period, including on the evolving financial impact. A series of structured interviews have been held with every diocese, including with the Diocese of Hereford at the end of April. Though too early for detailed conclusions, it was clear that the financial challenges will be significant.
The Church announced a national package of financial support for dioceses on 27 March, providing funds to support liquidity in dioceses where this was needed, with a further announcement following on 14 May. See: https://mailchi.mp/churchofengland.org/update-financial-support-for-dioceses-and-cathedrals-in-light-of-the-coronavirus?e=fbaf3379f3 We are continuing to consider how best dioceses can be further supported in terms of both immediate needs, and in strengthening their long-term missional health and financial sustainability