Business: Coronavirus

(asked on 20th March 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether financial support will be made available to businesses that do not take on a coronavirus business interruption loan due to concerns over the potential long-term economic effects of repayment of that loan.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 30th March 2020

The government has set out an unprecedented package of support for all businesses affected by this crisis. Businesses, including SMEs, will benefit from the Coronavirus Job Retention Scheme, Statutory Sick Pay refunds and the Coronavirus Business Interruption Loan Scheme alongside tax cuts and direct grants.

Further detail of the business support package can be found at: www.businesssupport.gov.uk.

More information on claiming for the Coronavirus Job Retention Scheme can be found at: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme.

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