February

£10 million pledged to help flood affected businesses

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The government has today announced a new £10 million support scheme as part of its ongoing work to help businesses affected by the recent floods.

The Business Support Scheme, which is funded by the Department for Business, Innovation and Skills, will be available for businesses that are in affected areas and have suffered significant loss of trade.

“Eligible businesses will be able to claim for funding for things like immediate clean-up costs, materials, and exceptional costs to help them continue trading”, a government spokesperson commented.

The government also announced that any affected company which is unable to file accounts or other documents on time as a direct result of the floods, will be given extra time without any financial penalties.

John Allan, national chairman for the Federation of Small Businesses commented on the announcement, saying: “Further financial support for small firms directly or indirectly affected is good news, and builds on the help announced last week.

With the floods yet to abate, we want the level of support to be kept under review. Firms in these areas will take months to get back on their feet, and may need further help.”

A support helpline has also been set up to provide advice and support to businesses affected by the floods – 0300 456 3565

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Posted by
Matthew Thompson
17 February 2014
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