Following the new national lockdown in England, local MP Robert Largan has welcomed the Government’s increased support for businesses. Since the pandemic began, the High Peak MP has been working round the clock to support people’s livelihoods.
The Chancellor has already set out the Government’s economic package of support for businesses over the winter, including monthly grants for closed businesses worth up to £3,000 per month, extending the furlough scheme to April, and providing further SEISS grants to support the self-employed to April.
In light of the further national restrictions to prevent further spread of the virus, the Government is providing additional support to the most affected businesses, worth £4.6 billion across the UK.
This support includes a new one-off grant for closed businesses in England of up to £9,000 and £500 million in discretionary funding provided to English local authorities to support local businesses.
This support will help businesses get through this difficult period through to the spring. The Chancellor will announce further aspects of the economic response to coronavirus and how best to support the economy, businesses and jobs at the Budget on March 3rd.
Robert Largan MP commented:
“Nobody wants to see these restrictions. I previously voted against the decision to put High Peak into Tier 3 back at the beginning of December. But the evidence is clear, if we don’t act, more people will die.
“But, with two vaccines approved for use in the UK and simultaneous mass rollouts well underway, we know that there is light at the end of the tunnel.
“My focus is on providing support to affected individuals and businesses and on working to get the vaccine rolled out locally as quickly as possible.