Chancellor announces additional support to protect businesses

support payment

The Chancellor Rishi Sunak has announced unprecedented support for business and workers – to protect against the economic emergency caused by Coronavirus (COVID-19).

This includes unlimited loans and guarantees to support firms and help them manage cashflows through this period. The Chancellor will make available an initial £330 billion of guarantees – equivalent to 15% of UK GDP.

At last week’s Budget, the Chancellor provided £30 billion of support to the economy to deal with the crisis by investing in public services, increasing support for vulnerable people and providing business with tax reliefs and loans.

The Chancellor of the Exchequer Rishi Sunak said:

“We will do whatever it takes to protect our people and businesses from the effects of this global economic emergency brought on by the Coronavirus pandemic.

“The interventions I am setting out will help support businesses of all sizes – so they can continue operating during these unprecedented times.”

Read more.

We (Braintree District Council) are reviewing this latest information and we will send more information to businesses as soon as we have it. 

Economic Development Team

Email: [email protected] 

Telephone: 01376 552525. 

Business Rates Team

Email: [email protected]

Telephone: 01376 557755.

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