Small Businesses: Social Distancing

(asked on 12th May 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, with reference to the Government's Covid-19 recovery strategy published on 11 May 2020, what funding the Government will provide to small businesses to enable them to comply with the Covid-19 secure guidelines.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 18th May 2020

The Government has put in place a package of support for businesses of all sizes, including small businesses. This includes guidance developed with industry experts, unions, business organisations, local Government, and other stakeholders to get people back to work safely. It helps organisations meet their obligations under health and safety law and employers are responsible for taking all reasonably practical steps to address health and safety risks.

The small business grant fund has been created, specifically for hereditaments in England that were eligible for relief on 11 March under the small business rates relief (SBRR) fund. The funding is to support small and rural businesses which are ratepayers on a property, as these businesses are more likely to have ongoing fixed costs during this period. Unfortunately, businesses that were not eligible for percentage SBRR relief on 11 March are excluded.

Nevertheless, there are other new measures to provide support to those businesses, including Coronavirus Business Interruption Loan Scheme; deferral of the next quarter of back-payments for firms until the end of June, representing a £30 billion injection into the economy; and a new fast-track finance scheme providing loans with a 100% government guarantee. In addition, there is also the bounce-back loan scheme, which will ensure that the smallest businesses can access loans in a matter of days. We are working currently with local authorities to try to make sure that this support is delivered as fast as possible.

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