Food: Wholesale Trade

(asked on 20th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will extend the application of business rates relief to food and drink wholesalers.

Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 3rd June 2020

The Government has provided enhanced support to the retail, hospitality and leisure sectors through business rates relief given the direct and acute impacts of the COVID-19 pandemic on those sectors.

A range of further measures to support all businesses, including food and drink wholesalers, has also been made available. For example, the Government has launched the Coronavirus Job Retention Scheme to help firms keep people in employment, the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank backed by an 80% Government guarantee, and is deferring VAT payments for this quarter.

The Government will consider any further financial assistance necessary to help businesses get through this period.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
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