Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to provide additional financial support to retail businesses who do not trade online.
Retailers have been able to benefit through an unprecedented support package including loan schemes, grant funding, tax deferrals, the Self-Employment Income Support Scheme and the Coronavirus Job Retention Scheme.
The Government will continue to provide eligible retail, hospitality and leisure properties in England with 100% business rates relief from 1 April 2021 to 30 June 2021. This will be followed by 66% business rates relief for the period from 1 July 2021 to 31 March 2022, capped at £2 million per business for properties that were required to be closed on 5 January 2021, or £105,000 per business for other eligible properties.
We have provided one-off ‘Restart Grants’ of up to £6,000 for non-essential retail premises, expected to benefit over 450,000 non-essential retail businesses.
My Rt hon Friend Mr Chancellor of the Exchequer has announced a new ‘Help to Grow’ initiative, providing £520 million to help SMEs recover from the COVID-19 pandemic by adopting digital technologies and providing management training to boost productivity.
The initiative contains two schemes: