Covid-19: Small Businesses Debate
Full Debate: Read Full DebateEarl of Clancarty
Main Page: Earl of Clancarty (Crossbench - Excepted Hereditary)Department Debates - View all Earl of Clancarty's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 9 months ago)
Lords ChamberI will certainly bear the comments made by the noble Baroness in mind. Local authorities across England have been allocated a further £500 million in discretionary funding via the additional restrictions grant to support businesses from 5 January. This could include businesses supplying the retail, hospitality and leisure sectors or businesses outside the current business rates system which have effectively been forced to close
My Lords, are the Government looking at the devolved Administrations? In some cases, they have been more agile in addressing gaps in support for small businesses, such as Northern Ireland’s Covid Restrictions Business Support Scheme which provides grants for supply chain businesses. A similar scheme is operating in Wales. This would certainly give some help to the live music sector, which continues to be hard hit. Technical supply companies have seen a disastrous 95% drop in their revenues.
As I said earlier, we keep all these matters under review. We are conscious that our scheme is one of the most generous in Europe, with £280 billion-worth of support. Of course, we are always willing to learn lessons from the devolved Administrations or other countries.