SCC & BCC responds to COVID-19 additional support measures

Commenting on the additional covid-19 support measures for businesses announced yesterday by the UK Chancellor Rishi Sunak, Dr Liz Cameron, Chief Executive of the Scottish Chambers of Commerce said:

“The additional support measures announced by Chancellor Rishi Sunak are essential if businesses are to survive and will provide immediate cashflow support to businesses that urgently require it. We now need the Scottish and UK Governments to provide access to these funds quickly and as easily as possible – any delays could lead to further job losses and we must avoid this at all costs.

“This is an unprecedented situation for business, communities and our society. We need to constantly review the business and economic impacts and ensure companies are supported quickly and with the relevant measures. We are ready to accept the UK Government’s invitation to work with them to design a system that ensures micro businesses and the self-employed also have tailored support as these jobs are just as important to our economy and they are already experiencing major income reductions.

“We fully appreciate we are in unchartered waters, but we are already seeing great examples of individuals, communities, and businesses all doing as much as possible to help one another. Let’s ensure that businesses are fully supported to continue getting through this difficult time.”

Responding to the package of government announcements to help businesses affected by Coronavirus, BCC Director General Dr Adam Marshall said:

“Businesses will welcome the scale of the Government's latest response, as well as the specific support it is offering to some of the worst-affected parts of our economy. These measures could be a lifeline for many businesses across the UK who are now experiencing wholesale disruption as a result of the pandemic.

“The key to the success of these measures is whether they get cash to businesses on the front line, fast. Companies need practical details, at great speed, for these interventions to have the desired impact, and to reassure firms across the UK.

“Both the Prime Minister and the Chancellor were clear that the Government would do whatever it takes over the coming days to support businesses, their employees, and the economy. Further measures will be needed to help all firms and their employees meet this unprecedented challenge.”