Coronavirus - Update on the level of government support

On 8 July, the government set out its next step towards economic recovery and securing the UK’s long-term prosperity in our Plan for Jobs. As we embark on this next phase, the latest figures demonstrate that we are continuing to support jobs, incomes, and businesses across every corner of the UK.

  • As of 02 August, the government has helped 1.2 million employers to furlough 9.6 million workers and as of 19 July has supported over 2.7 million self-employed individuals across the UK.
  • As of 30 June, in England more than 7.6 million jobs had been supported under the furlough scheme and 2.2 million self-employment claims had been made; in Scotland, 736,000 jobs had been furloughed and 155,000 self-employment claims had been made; in Wales, 378,000 jobs had been furloughed and 108,000 self-employment claims had been made; and in Northern Ireland, more than 240,000 jobs had been furloughed and 76,000 self-employment claims had been made.
  • As of 02 August, Bounce Back Loans have been approved to 1.1 million small businesses, and over 58,000 loan facilities have been approved through the Coronavirus Business Interruption Loan Scheme.
  • In the retail, hospitality and leisure sectors and via the Local Authority Discretionary Grant Fund, as of 05 July 2020, over an estimated 902,000 business premises in England have received grants worth up to £25,000, and approximately 373,000 ratepayers will pay no business rates for the whole of 2020-21. Nurseries in England will also not pay rates for 2020-21.

In North Cornwall, the government has supported:

    • 13000 workers furloughed through the Coronavirus Job Retention Scheme (figures up to 30 June);
       
    • 5800 self-employed people through the Self-employment Income Scheme (figures up to 30 June);
       
    • 1847 local businesses through offers of government-backed Bounce Back Loans, whilst separately supporting local businesses through offers of 72 government-backed Coronavirus Business Interruption Loan Scheme facilities (figures up to 02 August);
       
    • 1327 local business hereditament in the retail, hospitality and leisure sector and 15 nurseries that will pay no business rates this year (figures up to 05 July);
       
    • 4626 local business hereditament that have received cash grants of up to £25,000 (figures up to 05 July).  

The government has done the right thing helping people and businesses through the pandemic and we are continuing to support them as we come out of it.

More information can be found at: https://www.gov.uk/government/collections/statistics-on-coronavirus-funding-for-business