The Government has announced unprecedented support for business and workers to protect them against the current economic emergency including almost £300 billion of guarantees – equivalent to 15% of UK GDP. The travel industry, along with other businesses, may also benefit from a range of support measures including:
The Business Support website provides further information about how businesses can access the support that has been made available, who is eligible and how to apply - https://www.businesssupport.gov.uk/coronavirus-business-support.
The Government’s economic strategy will be closely coordinated with the public health strategy to ensure a safe return to economic activity. We will continue to monitor developments to understand the economic impacts of COVID-19, including on industries and sectors, and consider how the Government can best support their recovery.