Covid-19: Small Businesses
Debate between Lord Cotter and Lord Callanan(4 years ago)
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The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Callanan) (Con)
My Lords, the Government have introduced an unprecedented and comprehensive package of financial support, with a total fiscal response of close to £200 billion. The measures introduced, including government-backed loan guarantee schemes, grant funding and the Coronavirus Job Retention Scheme have been designed to be accessible to most businesses and sectors across the UK. We continue to keep this support under review, with further measures announced by the Chancellor that build on the significant support already available.
Lord Cotter (LD)
Coming from a small business background as I do, I thank the Minister for the Answer. I shall quote my local paper’s warning from local stores:
“Use us or lose us”.
Business rates are a real burden these days, as before. May I urge the Minister to look at these issues with renewed emphasis?
Lord Callanan (Con)
I totally agree with the noble Lord’s sentiments. As he is probably aware, we have launched a fundamental review of business rates, which will build on the changes that we are making to the system, worth more than £23 billion to businesses over the next five years.
Retail Businesses: Financial Support
Debate between Lord Cotter and Lord Callanan(4 years, 2 months ago)
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Lord Callanan (Con)
We are, of course, willing to learn from the example of other countries. However, as my noble friend is aware, all existing member states, and the UK during its transition period, continue to operate under the same state aid framework.
Lord Cotter (LD)
My Lords, we are a nation of shopkeepers, and small outlets are the heart of our local community in Weston-super-Mare. Should the Government not have a special plan to help them? When can we expect one? Business rates are the predominant issue of concern.
Lord Callanan (Con)
My Lords, the noble Lord is right to be concerned about the high street, and I am sure that Weston-super-Mare is no exception. As he will no doubt be aware, we abolished business rates for 12 months for all eligible businesses in the retail, hospitality and leisure sectors. That support was worth almost £10 billion. We also gave local authorities grants worth £11 billion to distribute to help local businesses.