To ask the Chancellor of the Exchequer, what steps he is taking to support businesses with property with a rateable value of over £51,000 and who therefore do not qualify for grant funding.
31 March 2020
A range of measures to support all businesses has been made available. These include the Coronavirus Business Interruption Loan Scheme, allowing businesses to benefit from loans of up to £5m, with the first 12 months of that finance interest free, and the Covid-19 Corporate Financing Facility. Businesses can also benefit from the Coronavirus Job Retention Scheme (CJRS) to help keep people in employment. More detail on the business support package is available at: www.businesssupport.gov.uk. More detail on the CJRS for businesses is available at: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme.