Business: York

(asked on 8th September 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the findings of a recent study conducted by York High Street Forum Research on an anticipated reduction of footfall on high streets in York, if he will provide financial support in the way of (a) grants or loans and (b) an extension of the payback of covid-19 loans to high street businesses.


Answered by
Jackie Doyle-Price Portrait
Jackie Doyle-Price
This question was answered on 23rd September 2022

We will continue to support high street businesses as they recover from the COVID-19 pandemic.

  • Eligible retail, hospitality and leisure businesses can benefit from 50% businesses rates relief worth almost £1.7 billion in 2022-23.
  • “Pay as You Grow” options allow Bounce Back Loan borrowers to tailor their repayments to individual circumstances. Businesses have the option to repay their loan over a period of up to ten years, as well as the option to move temporarily to interest-only payments for periods of up to six months or pause their repayments entirely for up to six months.
  • Coronavirus Business Interruption Loan Scheme lenders can extend the repayment period for CBILS facilities where this is needed, to a maximum of 10 years.

Last week the Government announced a new six-month scheme – the Energy Price Guarantee for Businesses – to protect all businesses and other non-domestic energy users from soaring energy costs.

Reticulating Splines