To ask the Chancellor of the Exchequer, what recent assessment he has made of the effectiveness of financial support available to food and drink wholesalers who have been affected financially by the covid-19 outbreak.
15 September 2020
The Government has provided unprecedented levels of support for workers and businesses to protect, as much as possible, against the current economic emergency. Food and drink wholesalers are eligible for a number of these support schemes, with the most relevant likely to include:
- The Coronavirus Job Retention Scheme to help keep millions of people in employment;
- £10,000 cash grants for all business properties in receipt of Small Business Rates Relief and Rural Rates Relief;
- The Bounce Back Loan Scheme for small businesses to borrow between £2,000 and £50,000, with no interest payments or fees for the first 12 months.
Food and drink wholesalers have also benefited from the recent Eat Out to Help Out Scheme which provided over 100 million half price meals during August and helped to protect the livelihoods of the 1.8 million people working in the hospitality sector.