We are taking unprecedented action to support jobs and livelihoods across the UK with £160 billion of support…
- Jobs retention scheme has been used by over 1.1 million employers to protect 9.4 million people’s jobs at a value of £27.4 billion
- Self-employed income support scheme has been used by over 2.7 million to the value of £7.7 billion.
- The safety net is working – with an extra 2.3 million people getting the help they need through Universal Credit (since 12 March)
- 53,536 loans have now gone out through the Coronavirus Business Interruption Loan Scheme for SMEs providing almost £11.5 billion worth of finance.
- 394 loans have been approved for the Coronavirus Large Business Interruption Loan Scheme for large firms providing £2.5 billion worth of financing.
- Over 1 million Bounce Back Loans have been approved worth over £30 billion.
- Over 861,000 firms have benefitted from £10.57 billion of business grants through the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund.
- Almost £10 billion of business rates relief has been provided for firms affected by Covid-19 – taken with existing measures around 1.1 million properties will pay no business rates in 2020-21.
- Over 496,000 VAT payments deferred by businesses to the value of £27.5 billion.
- £32.9 billion of additional funding at the Summer Economic Update to support schemes like the Job Retention Bonus and Eat Out to Help Out schemes.
