Emergency Cash Grant Scheme

Treasury – in the House of Commons on 24th March 2020.

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Photo of Philip Hollobone Philip Hollobone Conservative, Kettering

What estimate he has made of the number of businesses in (a) Kettering constituency, (b) Northamptonshire and (c) England that will benefit from the emergency cash grant scheme announced on 17 March 2020.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

We are providing cash grants of £10,000 to over 700,000 small and medium-sized businesses across England and grants of up to £25,000 per property for qualifying retail, hospitality and leisure businesses. We estimate that these combined measures will benefit up to 1 million businesses in England. Local authorities will deliver these grants over the coming weeks and consequently will have information about the number of firms that have benefited at a local level in due course.

Photo of Philip Hollobone Philip Hollobone Conservative, Kettering

I declare my interest as a member of Kettering Borough Council. May I thank the Chancellor and the Treasury for coming forward at top speed with this business support package? May I also thank all the hard-working staff at Kettering Borough Council who will be delivering these grants to local businesses? Will the Minister send out the message to Kettering and the country that when the economy comes roaring back, once this pandemic is over, local authorities will have played a key role in ensuring that that happens?

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

I thank my hon. Friend for that wise comment. We very much share his views. Local authorities are crucial to delivery of a whole range of the support that we are now giving, and we will be very much acknowledging their role. We will also be supporting them, as he will know, through the business rates process and the hardship fund.