Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what assistance they are giving to companies facing making substantial redundancies due to the COVID-19 pandemic in order to reduce the increase in unemployment.
The Government has made available a wide range of schemes to companies in order to help them avoid making redundancies in response to the covid-19 pandemic. These include the Coronavirus Job Retention Scheme; deferral of VAT and self-assessment payments; business rates relief; the Coronavirus Business Interruption Loan Scheme (CBILS); the Coronavirus Large Business Interruption Loan Scheme (CLBILS); the Coronavirus Future Fund; the Coronavirus Bounce Back Loan; the COVID-19 Corporate Financing Facility; the Coronavirus Small Business Grant Fund; the Coronavirus Retail, Hospitality and Leisure Grant Fund; and the Local Authority Discretionary Grants Fund.
The Government has published details of all these schemes on the GOV.UK website.