Business: Coronavirus
(asked on 1st February 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an assessment of the (a) economic and (b) other effects of the covid-19 outbreak on businesses in (i) Coventry North East constituency, (ii) Coventry and (iii) the West Midlands, by sector.
The Government continues to engage closely with partners on the ground across the country to understand the economic impact of Covid-19 and to support businesses.
Through the Growth Hubs programme, we are reaching thousands of businesses to provide free and impartial advice and support regardless of size and sector. The Coventry and Warwickshire LEP self-reported that between 1st April and 31st October 2020 their Growth Hub engaged with more than 50,000 businesses with advice and support.
Where businesses are required to close due to Covid-19 restrictions they can receive grants of up to £4,500 per 6 week period of closure as well as a one off payment of up to £9,000. Local Authorities have been allocated an additional £1.6bn in Additional Restrictions Grant to provide other businesses with support in their area.