Small Businesses: Coronavirus

(asked on 4th December 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the adequacy of the level of support available to small businesses in Slough during the covid-19 outbreak.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 9th December 2020

The Government is making substantial business grants available through Local Authorities to support businesses that have been mandated to close or had their trade affected by national or local Covid-19 restrictions.

The Local Restrictions Support Grant (Closed) will offer grants of up to £1,500 per two-week period, available to all businesses in England that have been required to close due to local and national restrictions.

The Local Restrictions Support Grant (Open) is a discretionary fund designed to support those businesses that whilst not mandated to close, are severely impacted by restrictions.

On top of the support being provided centrally, the Thames Valley Berkshire Local Enterprise Partnership has committed £11.3 million of capital to create a funding escalator of loans and equity. This will support expansion plans and help with short-term cash flow issues. In addition, Thames Valley Berkshire Business Growth Hub Recovery and Growth Programme is supporting businesses to help them plan their recovery, build resilience and maximise opportunities to grow.

Reticulating Splines