The Government has delivered one of the most generous and comprehensive packages of support globally, with a total fiscal response of close to £200 billion. 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.