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1230579
registered interest false more like this
date less than 2020-09-02more like thismore than 2020-09-02
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Small Businesses: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what support is available to small businesses which do not meet the definition of a business in the retail, hospitality and leisure industry and therefore do not qualify for the Retail, Hospitality and Leisure Grant Fund but which were directly affected by closures in those industries during the covid-19 outbreak. more like this
tabling member constituency Erith and Thamesmead more like this
tabling member printed
Abena Oppong-Asare more like this
uin 84369 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2020-09-07more like thismore than 2020-09-07
answer text <p>Small businesses which were not eligible for the Retail, Hospitality and Leisure Grant Fund may have been able to receive a grant from the Local Authority Discretionary Grant Fund. Local Authorities had significant discretion when it came to setting the eligibility criteria for their discretionary grant schemes. In some areas, small businesses outside of the retail, hospitality and leisure sectors may have been able to receive discretionary grants.</p><p> </p><p>Small businesses which did not receive any grants should have been able to benefit from other measures in the Government’s unprecedented package of support for business during the COVID-19 crisis, including:</p><p> </p><ul><li>An option to defer VAT payments by up to twelve months;</li><li>The Bounce Back Loan Scheme, which will ensure that small and micro businesses can quickly access loans of up to £50,000 which are 100 per cent guaranteed by the Government;</li><li>The Coronavirus Business Interruption Loan Scheme, now extended to cover all businesses including those which would be able to access commercial credit;</li><li>The Coronavirus Job Retention Scheme, to support businesses with their wage bills; and</li><li>The Self-Employment Income Support Scheme, to provide support to the self-employed.</li></ul>
answering member constituency Saffron Walden more like this
answering member printed Kemi Badenoch more like this
question first answered
less than 2020-09-07T14:20:17.71Zmore like thismore than 2020-09-07T14:20:17.71Z
answering member
4597
label Biography information for Kemi Badenoch more like this
tabling member
4820
label Biography information for Abena Oppong-Asare more like this