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Business: Government Assistance

Treasury written question – answered on 24th March 2020.

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Photo of Laurence Robertson Laurence Robertson Conservative, Tewkesbury

To ask the Chancellor of the Exchequer, if he will increase financial support for businesses affected by flooding and covid-19 outbreak; and if he will make a statement.

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

At Budget, the Chancellor announced a record funding for flood defences between 2021 and 2027, offering better protection from flooding for 336,000 homes and non-residential properties. Additional funding of £200 million will help communities most at risk of flooding recover faster in cases where they are affected by flood damage. Alongside this, the Chancellor has announced an unprecedented package of support for businesses affected by the covid-19 outbreak, including that all businesses eligible for Small Business Rates Relief and Rural Rates Relief would receive a grant of £10,000 each to help with the impact of Covid-19. Details of this package are available at: www.businesssupport.gov.uk

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