To ask Her Majesty's Government what plans they have to provide additional financial support to the hospitality sector as a result of the COVID-19 pandemic.
21 October 2020
My Rt. Hon. Friend Mr Chancellor of the Exchequer’s Winter Economy Plan outlines the additional support the Government is providing to help businesses, including those in the hospitality sector. Measures in the Winter Economy Pan include the Job Support Scheme, extending the VAT cut until 31 March 2021, the New Payment Scheme to allow deferred VAT payments to be spread through the year, extending the application period for government-backed loans and introducing ‘Pay as You Grow’ repayment options. There are also specific measures to support the self-employed, such as the SEISS Grant Extension. Also the Government have introduced measures to support businesses required to close their premises due to tier 3 restrictions. The Job Support Scheme is being expanded and the Government is also increasing the amounts payable under the Local Restrictions Support Grant scheme and changing this scheme so that businesses will be eligible for payments through it after two weeks of being closed due to local restrictions instead of three.