Small Businesses: Government Assistance

Department for Business, Energy and Industrial Strategy written question – answered on 25th March 2020.

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Photo of Dan Jarvis Dan Jarvis Labour, Barnsley Central

To ask the Secretary of State for Business, Energy and Industrial Strategy, what support is available to small businesses who specialise in contact sport during covid-19 outbreak.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

Holding answer received on 23 March 2020

Sports clubs and social enterprises form an integral part of this country and it is important they are given as much support as possible. The government has announced a comprehensive package of direct support for business through tax relief and cash grants to help business manage cash flow during the Coronavirus outbreak. For example, businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.

The Coronavirus Business Interruption Loan Scheme (CBILS), delivered by the British Business Bank, is now open for applications from eligible smaller businesses, including unincorporated businesses such as partnerships and sole traders. Businesses can access the first 6 months of that finance interest free. Decision-making on whether a business is eligible to access CBILS will be fully delegated to the 40+ accredited lenders.

Details on all Government business support is on: www.businesssupport.gov.uk/coronavirus-business-support/.

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