Government announced comprehensive Recovery Package
Recently the Government launched their National Recovery and Resilience Plan 2021, with the aim of laying out their longer-term plan for rebooting of the economy as we come out of severe restrictions.
The SFA broadly welcomed the Government’s announcement, particularly the commitment to a tapering off of financial support schemes such as the CRSS and the EWSS rather than a cliff edge termination. Small Business owners are happy that the government recognized how vital these supports continue to be in allowing business the space to reopen without the anxiety of not knowing when these supports would be withdrawn.
We raised with Government the need for the Pandemic Unemployment Payment to be phased out to allow people to return to work, and to allow small business to fill roles effectively. The PUP will be gradually phased out over the coming months.
New supports such as Business Resumption Scheme for businesses who have reduced turnover as a result of Covid restrictions was a welcome and much needed scheme that will help small business continue trading. What is needed now is a clear return to the office roadmap in line with public health guidance. That will allow small business, particularly in our town centres and business parks some certainty in the coming months.
The full breakdown of the National Recovery and Resilience Plan 2021 can be found here and the SFA’ response can be found here .