BCC responds to expanded Job Support Scheme

12th October 2020

Responding to the Chancellor’s announcement that the Job Support Scheme will be enhanced to help UK firms that will have to close due to tighter restrictions expected next week, and cash grants will be increased, BCC Director General Adam Marshall said:

“The enhanced Job Support Scheme will provide some additional relief for businesses forced to close due to intensified restrictions. It is right that the Chancellor has responded to our long-standing calls for more local support, as so many areas across the UK now face restrictions and closures. More generous cash grants will be of some help, but for most this will not be enough to offset a sustained cash crunch.

“As welcome as this new support will be for companies shut down by government decree, additional local restrictions and lockdowns will have a material impact on many other firms, especially in supply chains and in town and city centres. Their cash flow concerns, and worries about future demand, must be heeded.

“At the end of the day, no fiscal support will ever be a substitute for an open, functioning economy. While the Chancellor deserves thanks for enhancing the support on offer, the goal of all governments across the UK must be to get to a point where wide-ranging restrictions, and the economic disruption they bring, are no longer needed.”

You might also be interested in

Sheffield broker provides new rapid payment flood insurance to help local firms and landlords stay a

Tue 20th October 2020

Sheffield broker IFM is supporting local firms combat the threat of flooding with a new technological solution which provides a new rapid payment flood insurance.

Business Energy Update from Professional Energy Purchasing

Tue 20th October 2020

It’s that time of year again when the winter woollies come out, the clocks go back, and the heating gets turned on. Because of the pandemic, energy suppliers are still unwilling to quote for certain sectors that have had the most severe impact.

How can local arts venues grow and nurture audiences in the wake of the pandemic?

Mon 19th October 2020

Despite some lockdown restrictions easing many music and arts venues around the country remain closed, and with social distancing restrictions still limiting audience sizes for those who can reopen, how will the sector survive in the long-term?

BCC responds to 'time is running out’ campaign

Mon 19th October 2020

Commenting on the launch of the government’s ‘time is running out’ campaign, urging businesses to prepare for the end of the transition period, BCC Director General Adam Marshall said: