Licensed Premises: Coronavirus

Treasury written question – answered on 25th March 2020.

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Photo of Gill Furniss Gill Furniss Shadow Minister (Business, Energy and Industrial Strategy) (Steel, Postal Affairs and Consumer Protection)

To ask the Chancellor of the Exchequer, what steps he is taking to provide financial relief for pubs that are required to close as a result of the covid-19 outbreak.

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

The Chancellor has announced an unprecedented package of support for businesses across the economy, including the pubs sector. Alongside £330bn worth of government-backed and guaranteed loans, firms eligible for small business rate relief or rural rate relief will be eligible for cash grants of up to £10,000, and firms in the retail, hospitality and leisure sectors with eligible properties with a rateable value below £51,000 will be eligible for cash grants of up to £25,000. In addition, a business rates holiday has been put in place for all eligible businesses in the retail and hospitality sectors.

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