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Small Businesses: Coronavirus

Department for Business, Energy and Industrial Strategy written question – answered on 13th March 2020.

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Photo of Alex Sobel Alex Sobel Labour/Co-operative, Leeds North West

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to provide (a) financial and (b) other support to businesses in relation to (i) sick leave and (ii) self isolation for employees as a result of covid-19.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

At Budget 2020, the Government announced a £12 billion package of targeted measures to support public services, individuals, and businesses experiencing economic disruption because of COVID-19.

Measures include enabling small and medium enterprises and employers to reclaim Statutory Sick Pay for sickness absence due to COVID-19. We are also expanding the Business Rates retail discount to 100% for one year and providing £2.2 billion of funding for local authorities to support small businesses; they will be entitled to Small Business Rate Relief and a Coronavirus Business Interruption Loan Scheme.

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