Street Trading: Coronavirus

Treasury written question – answered on 7th September 2020.

Alert me about debates like this

Photo of Stuart Anderson Stuart Anderson Conservative, Wolverhampton South West

To ask the Chancellor of the Exchequer, what (a) rent assistance and (b) other forms of financial support is available for market traders and stallholders who have been adversely affected by the covid-19 outbreak.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

The Government has delivered one of the most generous and comprehensive packages of support globally, with a total fiscal response of close to £200bn. Many of the measures introduced, including loan schemes, tax deferrals, Self-Employment Income Support Scheme and the Coronavirus Job Retention Scheme remain open and have been designed to be accessible to businesses in most sectors and across the UK.

Eligible market stalls with a rateable value could also benefit from flat rate payments of £10,000 under the grant scheme for the retail, hospitality, and leisure sectors. Moreover, in recognition that some market traders were excluded from this grant fund because of the way they interact with the business rates system, the Government encouraged Local Authorities to include these businesses as a priority group for the Discretionary Grant Fund.

In terms of rent assistance, the Government encourages tenants to continue to pay their rent in full where they are in a position to do so, although we recognise that others may not be in this position. We welcome the fact that many local authorities and other operators have been able to be flexible in their approach and negotiate suitable arrangements including rent concessions for a significant number of market traders in support of the industry, recognising the financial strain the pandemic has placed on their finances.

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.