Redundancy: Coronavirus

(asked on 2nd June 2020) - View Source

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.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 16th June 2020

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.

Reticulating Splines