BCC calls for business rates relief extension
18th January 2021
The British Chambers of Commerce (BCC) is urging the Government to provide extra financial support to businesses across the UK suffering from COVID-19 restrictions.
The BCC is calling for an extension of business rate relief, VAT deferrals and an immediate round of cash grant support to businesses worth around £25,000, the equivalent of funds available in the first national lockdown.
According to the organisation, businesses cannot “afford to wait” until the Chancellor's Budget, which is scheduled for 3 March 2021, and need support now in order to plan for the weeks ahead.
Adam Marshall, director-general of the BCC, said the damage caused by the pandemic is widespread and goes beyond the “very visible casualties hit by repeated stop-start lockdowns”.
“The drip-feed approach to business support measures has meant many firms simply cannot plan for the future.
“We are urging the Government to urgently adopt a package of measures that covers the whole of 2021, and that takes away the cliff-edges firms face in a few weeks’ time when reliefs, forbearance and furlough are set to end.
“Many companies simply can’t wait until the March budget. Action is needed now.”
Speak to us about your business.