To ask the Chancellor of the Exchequer, what additional steps his Department is planning to take to support charities affected financially by the covid-19 outbreak.
Many charities and social enterprises will benefit from the existing measures announced to support employers and businesses. Under these measures, like other businesses, charities can defer their VAT bills and pay no business rates for their shops next year. All charities are eligible for the Coronavirus Job Retention Scheme (CJRS) and the right answer for many charities will be to furlough their employees with the Government paying 80% of wages. Charities are eligible for the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), and the Bounce Back Loans Scheme (BBL). Registered charities are now exempt from the requirement that 50% of the applicant’s income must be derived from its Trading Activity.
The Government has also set out a £750 million package of support for charities providing key services and supporting vulnerable people during the COVID-19 crisis. This will enable such organisations to continue providing essential services to those most in need. Funding for charities is now starting to be disbursed and the most up to date information is available at: https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-the-charity-sector#government-financial-support-for-charities. Our aim is to get funding to those in greatest need as soon as possible.