New statistics show the huge Government support to individuals and businesses across Gedling.
Throughout the coronavirus pandemic, the Conservative Government has provided a huge and unprecedented package of support to protect both lives and livelihoods through this incredibly challenging period. In total, more than £160 billion has been provided as part of the Government’s economic response to coronavirus, and the latest statistics from the Treasury now show the scale of that support in Gedling:
- 13,300 people across Gedling have had their job protected through the Job Retention Scheme, which has allowed employers to furlough workers while the Government has provided up to 80 per cent of their wages.
- Self-employed people in Gedling have accessed £9,900,00 worth of Government grants, which do not need to be paid back, to cover lost earnings.
- £32,478,602 has been paid out to local businesses in the form of Bounce Back Loans, which provides loans of up to £50,000 within days of an application.
- £12,879,500 worth of grants has been handed out to businesses across Gedling, which do not need to be paid back.
Many local businesses, like Netherfield’s Deli Continental, pictured above, have been able to access Government support with help from my office. A strong local economy means more local jobs and choice for shopping and leisure.
This unprecedented package of support comes on top of the 3,325 of loans offered to businesses across the East Midlands, worth £776,952,806.
This year has been hugely challenging for people and businesses across Gedling, and these latest figures demonstrate the scale of support that the Conservative Government has put in place to support lives and local livelihoods.
As we now work to restart our economy, I have no doubt that the Government will continue to support people in our local community.
Never has the Conservatives’ agenda to level up the whole county been so important – giving businesses the confidence to retain and hire, create jobs and ensure young people have the opportunity of a better start in Gedling.