Thursday, 22 October 2020
Enhanced coronavirus support for businesses impacted by restrictions welcomed by Chamber
Responding to the Chancellor’s announcement of enhanced support for businesses impacted by coronavirus restrictions, Scott Knowles, chief executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said: “We welcome the Government’s intervention, which signals a very significant improvement in the support available to businesses struggling with the impact of increasing restrictions across the UK, including in many parts of the East Midlands.
“We have been campaigning for greater support for businesses that would be very much commercially viable if it wasn’t for the restrictions imposed on them, but are now struggling due to the large falls in demand they have witnessed.
“A number of the steps announced today, including the lowering of employer contributions and the number of hours worked in order to qualify for the new Job Support Scheme, responds directly to our calls.
“Backdated grants for hospitality firms in tier two and enhanced grants for the self-employed will go some way to alleviating pressure on many of those who have been particularly vulnerable to the economic impact of the pandemic.
“However, it should be noted that this is an evolving situation and the Government must be ready to update policies accordingly in order to help businesses navigate the difficult months ahead and keep people’s jobs secure.
“Ultimately, everyone wants a safely functioning economy and this is the big picture we should be working towards.”Back