Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make the Retail, Hospitality and Leisure Grant Fund available to coach operators.

The Government recognises that this is a very challenging time for businesses in a wide variety of sectors. Small businesses occupying properties for retail, hospitality or leisure purposes are likely to be particularly affected by Covid-19 due to their reliance on customer footfall, and the fact that they are less likely than larger businesses to have sufficient cash reserves to meet their high fixed property-related costs. The Retail, Hospitality and Leisure Grant Fund is intended to help small businesses in this situation.

The Government will allocate up to an additional £617 million to Local authorities to enable them to make discretionary grants to businesses which have been excluded from the existing grants schemes because of the way they interact with the business rates system. Local Authorities can also choose to make discretionary grants to other kinds of businesses, such as coach operators, if they feel there is a particular local economic need. However, the priority of all the grants schemes continues to be to help the smallest businesses, and small businesses which are facing significant property-related costs and operate in sectors which have been particularly hard hit by the steep decline in customer footfall.

Businesses which have not received a grant should have been able to benefit from other measures in the Chancellor’s unprecedented package of support for business, including:

• An option to defer VAT payments by up to twelve months;
• The Bounce Back Loan Scheme, which will ensure that small and micro businesses can quickly access loans of up to £50,000 which are 100 per cent guaranteed by the Government;
• The Coronavirus Business Interruption Loan Scheme, now extended to cover all businesses including those which would be able to access commercial credit;
• The Coronavirus Job Retention Scheme, to support businesses with their wage bills; and
• The Self-Employment Income Support Scheme, to provide support to the self-employed.

In addition to these measures, the Chancellor announced further support for businesses at the Summer Economic Update, including the Jobs Retention Bonus, which will grant businesses £1,000 for each furloughed staff member that they bring back and keep employed until the end of January 2021, and a VAT cut for the hospitality and tourism sectors.