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More support needed to help businesses once lockdown lifts

23 Feb 2021

Business groups have called on the government to extend its coronavirus (COVID-19) support through to the end of the roadmap for lifting lockdown restrictions.

The roadmap will see all pupils in England's schools return to class from 8 March. Meanwhile, shops, hairdressers, gyms and outdoor hospitality, as well as self-contained holiday accommodation, can re-open on 12 April. From 17 May cinemas, museums and hotels will also re-open.

The final step from 21 June will potentially see all legal limits on social contact removed.

Tony Danker, Director General of the Confederation of British Industry (CBI), said: 'We now need to turn this roadmap into genuine economic momentum. The Budget is the second half of this announcement extending business support in parallel to restrictions will give firms a bridge to the other side.

'This is particularly needed for sectors who will have to wait for up to three months to re-open and have an anxious ten days ahead before the Budget.'

Natalie Gasson-McKinley, Development Manager at the Federation of Small Businesses (FSB), said: 'The Chancellor must deliver on the Prime Minister's 'whatever it takes' pledge at next week's Budget. On one side of the coin we have continued restrictions – on the other, we need corresponding business support.

'Whatever it takes means bringing those overlooked by current support measures into the fold, including suppliers, directors and the newly self-employed. Upwards of a million small business owners and sole traders are currently receiving no direct help whatsoever.'

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Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.