Economic Situation: Coronavirus

(asked on 13th May 2020) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what additional financial support he plans to provide in response to the covid-19 outbreak to support local economies that depend on (a) tourism, (b) the hospitality sector and (c) the heritage sector.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 22nd May 2020

We will continue to engage with stakeholders to assess how we can most effectively support local economies by helping these key sectors through this crisis.

We have announced unprecedented support for business and workers to protect them against the current economic emergency. For example, we recently announced a Bounce Back Loan scheme to support small businesses, and have extended the Coronavirus Job Retention Scheme.

We have also allocated additional funding to Local Authorities in England in the form of a discretionary grant fund of up to £617m. This is aimed at certain small businesses who were not eligible for the existing business grants fund schemes.

The National Lottery Heritage Fund (NLHF) and Historic England (HE), DCMS ALBs, have made emergency funding available for the heritage sector. The NLHF £50 million Heritage Emergency Fund and HE’s £2 million Covid-19 Emergency Response Fund extend a safety net to small heritage organisations struggling with financial losses

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