Business: Coronavirus
(asked on 23rd March 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government whether all festival businesses whose financial viability have been affected by the COVID-19 pandemic will be eligible to receive loans equal to the amount of financial damage they have suffered as a direct result of the pandemic; and whether any such loans will require owners or directors of these businesses to pledge their personal assets.
This question was answered on 3rd April 2020
The government has announced a significant package of financial support for all businesses and organisations, including through the Coronavirus Business Interruption Loan Scheme. Details of this package are available at: www.businesssupport.gov.uk. The government has taken new legal powers in the COVID-19 Bill, enabling it to offer whatever further financial support it thinks necessary to support businesses.
The government has announced a significant package of financial support for all businesses and organisations, including through the Coronavirus Business Interruption Loan Scheme. Details of this package are available at: www.businesssupport.gov.uk. The government has taken new legal powers in the COVID-19 Bill, enabling it to offer whatever further financial support it thinks necessary to support businesses.