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Small Businesses: Coronavirus

Treasury written question – answered on 25th March 2020.

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Photo of Ruth Jones Ruth Jones Labour, Newport West

To ask the Chancellor of the Exchequer, what steps his Department is taking to support small businesses in (a) Newport West, (b) Wales and (c) the UK in response to the outbreak of covid-19.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

The devolved administrations will receive over £5.2 billion from the UK Government to make sure they have the resources they need to support people, businesses and public services through COVID-19. In total we have provided the Welsh Government with £1.6 billion to date.

This funding is in addition to the UK-wide support in all four corners of the country, including the Coronavirus Business Interruption Loan Scheme.

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