Food: Wholesale Trade

(asked on 16th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made (a) for the implications for his policies of recent wholesale food data from the Federation of Wholesale Distributors and the Department for Environment, Food and Rural Affairs and (b) of the potential merits of providing additional financial support to businesses within the wholesale sector to safeguard food supplies to public services.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 21st July 2020

The Government fully recognises the extreme disruption to people’s lives, jobs and businesses caused by the necessary actions taken to tackle COVID-19. It is for this reason that the Government has announced unprecedented levels of support for workers and businesses. Food and drink wholesalers, which have played a critical role in supporting the food supply chain throughout the past months, are eligible for a number of these schemes, including:

  • The Coronavirus Job Retention Scheme to help keep millions of people in employment;
  • £10,000 cash grants for all business properties in receipt of Small Business Rates Relief and Rural Rates Relief;
  • The Bounce Back Loan Scheme for small businesses to borrow between £2,000 to £50,000, with no interest payments or fees for the first 12 months; and
  • The Discretionary Grant Fund for small and micro businesses that are not eligible for other grant schemes.

Food and drink wholesalers will also benefit from the Chancellor’s recent announcement of the Eat Out to Help Out Scheme which will encourage people to safely return to eating out at restaurants for sit-down meals.

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