Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Travel Agents: Coronavirus

Treasury written question – answered on 1st May 2020.

Alert me about debates like this

Photo of Nicholas Fletcher Nicholas Fletcher Conservative, Don Valley

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support travel agents during the covid-19 outbreak.

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

During this difficult time the Treasury recognises the extreme disruption the necessary actions to combat Covid-19 are having on businesses, including important industries such as travel and tourism.

That is why the Government has announced unprecedented support for individuals and businesses to protect against the current economic emergency. This includes grants to smaller businesses, and a package of government-backed and guaranteed loans through the Coronavirus Corporate Financing Facility (CCFF), the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS), and the Bounce Back Loan Scheme. Together these schemes ensure almost all viable UK businesses can apply for a government backed loan.

Travel and tourism industries can also benefit from the Coronavirus Job Retention Scheme and travel agents occupying eligible properties will benefit from the retail, hospitality and leisure business rates holiday.

The government will not be able to protect every single job or save every single business, but these measures will support millions of families, businesses and self-employed people to get through this and emerge on the other side both stronger and more united.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.