On 17 March, Chancellor Rishi Sunak announced that the government was to introduce a package of financial measures to support the economy against the impact of coronavirus, worth £330bn in loans and other aid.
19/3/2020 - Martin Hathaway, Managing Director of the Mid Yorkshire Chamber of Commerce comments:
“The Government’s announcement on Tuesday to do ‘whatever it takes’ to support businesses was a welcome one, but with many SME’s throughout our region already on the brink, it’s crucial that we find out exactly how the grants and loans promised can be accessed – as soon as possible.
“There are reports that cash grants will be available for small businesses next week, which will be essential for their survival, but for many, it might be too late. It’s needed immediately for the shops, restaurants, theatres and companies in all other sectors that sell or provide a service directly to consumers that have seen a decline over the past fortnight.
“We have received numerous queries from our members on how businesses can access the support announced but no specific instructions or criteria has been rolled out yet, so we’re urging central Government to confirm this as a matter of urgency.
“We are in regular communication with the local authorities and the British Chamber of Commerce to gain the latest information on when and how funds will be paid to businesses across the districts of Halifax, Huddersfield and Wakefield.
“It is currently our top priority to ensure our businesses survive during this unprecedented time, and the Mid Yorkshire Chamber team is on hand to support members with specific queries.”
For more information and to get in touch with The Mid Yorkshire Chamber of Commerce, visit www.mycci.co.uk.