Business: Coronavirus

(asked on 5th October 2020) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps his Department is taking to financially support (a) the events and exhibitions industry and (b) other sectors that are unable to open as a result of covid-19 lockdown restrictions.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 8th October 2020

We are aware that the events and exhibition industry, as well as other sectors, have been severely impacted by Government measures to control the spread of Covid-19.

Businesses can continue to access the Government’s UK wide support package. This includes the Bounce Back Loans scheme, the Self-Employed Income Support Scheme and the Coronavirus Job Retention Scheme.

As the Chancellor announced on 24 September, we are also offering affected businesses generous terms for the repayment of deferred taxes and government-backed loans, as well as extending the application window of the government-backed loan schemes.

We continue to engage with stakeholders, including through the Visitor Economy Working Group and the Events Industry Senior Leaders Advisory Panel, to monitor the situation facing companies across the UK.

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