Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will extend eligibility for the Coronavirus Bounceback Loan Scheme to incoming proprietors of long-established premises in the hospitality sector where the date of registration of the business entity through that premises was after 1 March 2020.
Almost all viable UK-based businesses are eligible to apply for a loan under the Bounce Back Loan Scheme (BBLS). You can apply for a loan if your business:
Whether or not a business is liable for Business Rates, or occupies business premises, is not a consideration under the scheme.
The Government-backed loan schemes are part of a broad package of support measures for businesses, which include the Coronavirus Job Retention Scheme, deferral of VAT and income tax payments, grant funding for small businesses, and more. For more information on the support available to them, businesses should visit the Government’s business support website.