southport, Local Online News Community, Forums, Chats, For Sale, Classified, Offers, Film Reviews, Events, Motors Sale, Property For Sale Rent, Jobs, Hotels, Taxi, Restaurants, Pubs, Clubs, Pictures, Sports, Charities, Lost Found
Published on: 20/10/2020 12:23 PMReported by: roving-eye
1,186 Bounce Back Loans worth £50,723,787 have been offered under the Bounce Back Loans Scheme in Southport
In Southport, 68 loans worth £19,283,021 have been offered under the Coronavirus Business Interruption Loan Scheme
In total, more than £200 billion of Government support has been provided to help individuals and businesses in all parts of the UK.
New statistics showing the level of Government support to businesses in Southport have been welcomed by local MP Damien Moore.
Businesses across Southport have benefitted from £70,006,808 worth of loans since the start of the coronavirus outbreak. This includes 1,186 Bounce Back Loans – 100 per cent government-backed loans which are interest-free for the first 12 months – worth £50,723,787. The scheme ensures that small firms who need vital cash injections to keep operating can get finance in a matter of days, with no repayments due during the first 12 months.
In addition, 68 loans have been offered in Southport at a value of £19,283,021 through the Coronavirus Business Interruption Scheme. This scheme has helped small and medium-sized businesses to access loans and other kinds of finance up to £5 million.
Across the North West, a total of 135,124 Bounce Back Loans, worth £3,979,683,585, and 5,846 Coronavirus Business Interruption Loans, worth £1,501,192,220, have been provided to businesses to support businesses across all sectors, protecting jobs and livelihoods.
The Chancellor also announced on Friday that the government’s Job Support Scheme will be expanded to protect jobs and support businesses required to close their doors as a result of coronavirus restrictions, alongside increasing the cash grants to businesses in England required to shut in local lockdowns to support with fixed costs – worth up to £3,000 per month.
So far, the Government has provided over £200 billion throughout its economic response to coronavirus to support jobs and businesses in the UK.
Commenting, Southport MP Damien Moore said:
“This year has been hugely challenging for businesses in Southport, but these latest figures demonstrate the scale of support the Government has put in place to protect livelihoods and businesses.
“Never before has the agenda to level up the whole county been so important – and we will continue to focus on supporting hardworking families across Southport.
“Businesses in Southport have contacted me about the various support schemes provided by the government and my office has supported many individuals in accessing the support they need.
Chancellor of the Exchequer Rishi Sunak said:
“Our support for businesses and workers has provided a lifeline to employers up and down the country, supporting people to stay in jobs and protecting livelihoods.
“We will build on this as we move to the next stage of our recovery through the Winter Economy Plan, which will continue to protect jobs and help businesses through the months ahead.”
UK, Local Online News Community, Forums, Chats, For Sale, Classified, Offers, Vouchers, Events, Motors Sale, Property For Sale Rent, Jobs, Hotels, Taxi, Restaurants, Pubs, Clubs, Pictures, Sports, Charities, Lost Found
Unit 24 AK Business Park, Russell Road, Southport, PR9 7SARimmers Windows, a family run business, has gone from strength to strength since opening in 1991 and has developed a reputation second to none for top quality windows and doors, available at very competitive rates.WEBSITE TEL: 01704 505511
25-27 Forest Road, Southport, PR8 6JDCome to visit Wallpaper John@ Forest Road Wallcoverings today for Southport's finest range of wallcoverings with over 1000 designs always in store.WEBSITE
127 Wennington Road, SOUTHPORT, PR9 7AHOur team of Veterinary Surgeons, trainee and qualified Veterinary Nurses and Receptionists aim to provide the highest possible standard of a personal, caring and friendly service.WEBSITE TEL: 01704 214460
Southport & Ainsdale Golf Club, Bradshawa Lane, Southport, PR8 3LGFollowing a full time career, Jim has now settled in to a challenging and exciting role as club professional at Southport and Ainsdale Golf Club.WEBSITE TEL: 577316
Stats: Qlocal over 500,000 page views a month (google analytics)