Small Businesses: Government Assistance

Treasury written question – answered on 7th September 2020.

Alert me about debates like this

Photo of Andrew Gwynne Andrew Gwynne Labour, Denton and Reddish

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of a small business grant scheme targeted at small businesses which were ineligible for the original covid-19 business support schemes in the event of another covid-19 lockdown being imposed.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

As of 24 August, over 893,000 business properties have received over £10.95 billion of grants from the Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund. The Government also allocated up to an additional £617 million to Local Authorities for the Discretionary Grant Fund, to enable Local Authorities to support some of the businesses which missed out on the SBGF and RHLGF due to the way in which they interact with the business rates system. These schemes all closed to new applicants on 28 August.

The Government continues to review the economic situation and consider what support businesses need. However, there are currently no plans to establish a new grants scheme targeted at small businesses which did not receive grants from the original schemes.

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.