Oral Answers to Questions

Darren Henry Excerpts

Tuesday 9th February 2021 Commons Chamber

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)]

I am glad that the hon. Lady has been listening to the same businesses that I have been listening to for the last year, as they have talked about the cliff edge that they face and their big fixed costs, whether those are business rates, VAT or the rent moratorium, all of which we are recognising. We are continuing our conversations with the Treasury, because it is so important that as we reopen the economy, and look to get customers back to a safe and warm welcome to retail and hospitality, we also have a flexible approach to our financial support in order to tackle this difficult period.

[Darren Henry (Broxtowe) (Con)]

With local authorities such as that in Broxtowe responsible for distributing grants to struggling businesses, will my hon. Friend tell me what flexibility can be provided to allow grants underspent in one area of business support to be used for support in other areas?

[Kwasi Kwarteng]

Local authorities, as my hon. Friend knows, receive funding to support closed businesses through grants of up to £3,000 for each four-week period of closure. In addition, closed businesses can receive up to an extra £9,000 as a one-off payment for the current period of national lockdown. Local authorities, as I am sure he is aware, are also in receipt of discretionary funding, sharing £1.6 billion of the additional restrictions grant.