Business: Coronavirus

(asked on 15th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of providing additional financial support to businesses still not allowed to trade as a result of covid-19 restrictions.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 23rd July 2020

The Government has announced unprecedented support for business and workers to protect them against the current economic emergency. Businesses that remain unable to trade as a result of Covid-19 restrictions continue to have access to a range of support measures that the Government has already made available.

This includes, but is not limited to, the four government-backed loan schemes for firms of all sizes, and the Coronavirus Job Retention Scheme (CJRS). The CJRS will continue to provide support to the end of October. The Business Support website provides further information about how businesses can access the support that has been made available, who is eligible and how to apply - https://www.gov.uk/business-coronavirus-support-finder.

The Government is following its COVID-19 recovery strategy, which was published on 11 May. The strategy sets out our plan for moving to the next phase of our response, alongside a cautious roadmap for easing existing measures in a safe and measured way. This roadmap and our financial support schemes are kept constantly under review. The Government will continue to work closely with businesses that are yet to reopen on plans for a safe, phased reopening, subject to public health guidance, and consider how to best continue supporting these businesses.

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