Entertainments and Exhibitions: Coronavirus

Treasury written question – answered at on 25 March 2020.

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Photo of Tan Dhesi Tan Dhesi Labour, Slough

To ask the Chancellor of the Exchequer, what steps he is taking to support the events and exhibition industry in response to reductions in business levels as a result of the covid-19 outbreak.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

Last week, the Chancellor announced £330 billion of guarantees for businesses across the UK and emphasised his commitment to do whatever it takes to support industries through this challenging time. The events and exhibition industry will be eligible for the new Business Interruption Loan Scheme and will also be able to put workers on temporary leave. The Coronavirus Job Retention Scheme will pay employees in the sector cash grants of 80% of their wages up to a cap of £2,500. This package will help support businesses with their cash flows, and support individuals’ employment in the events and exhibitions sector.

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