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

Retail, Hospitality and Leisure Grant Fund: Bus Services

Treasury written question – answered on 18th May 2020.

Alert me about debates like this

Photo of Anthony Browne Anthony Browne Conservative, South Cambridgeshire

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending eligibility for the Retail, Hospitality and Leisure Grant Fund to coach operators.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

The Government recognises that this is a very challenging time for businesses in a wide variety of sectors. Small businesses occupying properties for retail, hospitality or leisure purposes are likely to be particularly affected by Covid-19 due to their reliance on customer footfall, and the fact that they are less likely than larger businesses to have sufficient cash reserves to meet their high fixed property-related costs. The Retail, Hospitality and Leisure Grant Fund is intended to help small businesses in this situation.

On 1st May the Government that it would allocate up to an additional £617 million to Local authorities to enable them to make discretionary grants to businesses which have been excluded from the existing grants schemes because of the way they interact with the business rates system. Local Authorities can also choose to make discretionary grants to other kinds of businesses, such as coach operators, if they feel there is a particular local economic need. However, the priority of all the grants schemes continues to be to help the smallest businesses, and small businesses which are facing significant property-related costs and operate in sectors which have been particularly hard hit by the steep decline in customer footfall.

Businesses that are not eligible for grants should still be able to benefit from other measures in the Government’s unprecedented package of economic support, including:

  • An option to defer VAT payments by up to twelve months;
  • The Bounce Back Loan Scheme, which will ensure that small and micro businesses can quickly access loans of up to £50,000 which are 100% guaranteed by the Government;
  • The Coronavirus Business Interruption Loan Scheme, now extended to cover all businesses including those which would be able to access commercial credit;
  • The Coronavirus Job Retention Scheme, to support businesses with their wage bill; and
  • The Self-Employment Income Support Scheme, to provide support to the self-employed.

Does this answer the above question?

Yes1 person thinks so

No1 person thinks not

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