Coronavirus: Supporting Businesses and Individuals

Julie Marson Excerpts

Tuesday 23rd February 2021 Commons Chamber

[Julie Marson (Hertford and Stortford) (Con) [V]]

I have spoken to many small businesses in my constituency that have endured the challenges thrown at them by the pandemic with incredible resolve and an even greater generosity of spirit. Despite their own challenges, many have gone out of their way to help others in the community facing very different struggles from their own.

Small businesses are an integral part of the social fabric of our communities; they are certainly the lifeblood of Hertford and Stortford, providing incomes for families, populating our villages, towns and high streets, and providing a service to people that often goes beyond their customers. In my constituency, Home Instead in Sawbridgeworth created the “Be a helper to a senior” initiative to deliver supplies to elderly people and provide company over the phone to those left isolated by lockdown measures. In Hertford, McMullen brewery has supported its tenants and served our community in a multitude of ways. There are literally hundreds of examples like this.

The good that such businesses do for communities is just one reason why the numerous Treasury interventions over the last 12 months have, as well as being crucial to their survival, will be crucial to our recovery. The furlough scheme alone, which supported 10 million people, has been a colossal undertaking and has protected livelihoods across the country.

Generating creative ideas at haste is a complicated business, but the many robustly dynamic schemes are designed to support businesses at every stage of their evolution. Where current profits or revenue amounts were issues for CBILS, the Chancellor introduced the future fund, for example, and for businesses needing more than a loan, grants and rates relief often kept them going.

That is not to claim that these initiatives have been able to save every business or job or that the struggle is over. Just this week I have been speaking to great local businesses in the hospitality and travel sectors that have made use of Government support, but they still face extremely uncertain futures. The road map announced on Monday provides a really helpful base to plan from, but we cannot understate the challenges they have endured and still face.

This is a marathon, not a sprint, but I know that this Government will support businesses large and small, seize the opportunity to build a truly transformative recovery strategy, and truly build back better.