Glasgow Chamber response to latest Coronavirus Business Support Measures | Glasgow Chamber of Commerce
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Glasgow Chamber response to latest Coronavirus Business Support Measures

Commenting on the further measures announced by the Chancellor to help businesses hit by the impact of Coronavirus, Glasgow Chamber of Commerce Chief Executive Stuart Patrick said:

“Glasgow Chamber of Commerce has been busily lobbying the UK Government alongside British Chambers of Commerce on actions to help avoid redundancies and job losses. 

The Chancellor’s announcement is a significant step forward and welcomed at this critical time but we are seeking further clarification on some measures.  While we would have preferred a waiver on VAT payments, the deferral will assist businesses with their cashflow so that they can continue to pay their employees and suppliers”.

We are pleased the Chancellor has listened to our requests on behalf of members and has announced the following measures in addition to those already secured: 

Coronavirus Jobs Retention Scheme

  • Government grants will cover 80% of the salary for retained workers
  • This will be up to a total of £2,500 per worker per month
  • The scheme will be open before the end of April, will run for at least three months, and will cover cost of wages backdated to March 1
  • There's no limit on the funding available
  • Any employer in the country - large or small, charitable or non-profit - will be eligible for the scheme

“Time is of the essence and it is imperative the government provides details of the job retention scheme speedily and that loan guarantees reach companies as soon as possible. This is an evolving situation and we would ask that additional support measures for business remain high on the agenda”.

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