To ask the Chancellor of the Exchequer, what fiscal support he has made available to help small businesses in Harlow in response to the covid-19 outbreak.
Throughout this crisis, the Government has sought to support businesses, jobs and public services up and down the UK. That is why it has spent over £280 billion to make a package of support available for businesses which has included billions in wage support, loans, tax deferrals, Business Rate reliefs and sector-specific grants.
Following the implementation of the latest national lockdown in January, the Government announced additional funding for businesses worth £4.6 billion across the UK. This includes a £500m payment to local authorities, to top up their allocation from the Additional Restrictions Grant (ARG), which has already provided local authorities with £1.1 billion.
This funding will ensure that local authorities can provide discretionary grants to businesses which are not eligible for the Local Restrictions Support Grants, but which are nonetheless experiencing a severe impact on their business due to the national lockdown. These businesses may also be eligible for further aspects of our generous support package outlined above.
We remain committed to ensuring we take the right action at the right time to support individuals and businesses in every region and nation of the United Kingdom.