Business: Coronavirus

Treasury written question – answered on 29th June 2020.

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Photo of Emma Hardy Emma Hardy Shadow Minister (Education)

To ask the Chancellor of the Exchequer, what plans he has to provide additional support to businesses which will not be allowed to reopen on 4 July 2020 as covid-19 lockdown restrictions are eased.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

The Government has announced unprecedented support for business and workers to protect them against the current economic emergency. Businesses which cannot reopen on 4 July will continue to have access to a range of support measures that the Government has already made available.

This includes, but is not limited to, the four government-backed loan schemes for firms of all sizes, and the Coronavirus Job Retention Scheme (CJRS). The CJRS will continue to provide support to the end of October. 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.gov.uk/business-coronavirus-support-finder.

The Government is following its COVID-19 recovery strategy, which was published on 11 May. The strategy sets out our plan for moving to the next phase of our response, alongside a cautious roadmap for easing existing measures in a safe and measured way. This roadmap is kept constantly under review, and we will continue to work hard to support business that have been unable to reopen through this transition period. Any announcements on the next stage of our economic response will be made at the appropriate time.

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