answer text |
<p>Government support is aimed at businesses in genuine need. Our current measures
are well-targeted at such businesses, bearing in mind the need to act very quickly
to deliver this unprecedented package. We expect everyone to act responsibly and in
the spirit of the package, and only claim and use support as intended. The Coronavirus
Job Retention Scheme (CJRS) for example provides compensation for the cost of paying
furloughed workers –money that goes directly to the pockets of workers who might otherwise
lose their jobs, whilst Business Rates reductions and Local Authority grant schemes
are targeted at sectors which are facing severe hardship. The Government is keeping
all measures under constant review.</p><p> </p><p>Companies borrowing more than £50million
through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) or accessing
the Covid Corporate Financing Facility (CCFF) beyond 19 May 2021, face restrictions
on dividend payments, capital distributions and senior pay.</p>
|
|