York & North Yorkshire Local Enterprise Partnership welcomes £4.6bn business support announcement

05 January 2021

A statement from our chair following today’s £4.6bn announcement from the Chancellor about support for businesses.

David Kerfoot MBE DL, Chair of York & North Yorkshire Local Enterprise Partnership, said: “SMEs are the backbone of our York and North Yorkshire economy, and unfortunately many of these businesses, particularly in our visitor economy, high street, hospitality and the arts, will continue to take the economic brunt of the continuing lockdown restrictions. It is important for our region to recognise that trades and construction can keep working, but ultimately there will be casualties.

“However, our job in the LEP is to be positive and help businesses as much as we can and there is financial support available. Today’s announcement of £4.6bn of business support is welcomed, which includes one-off grants of £9K for hospitality and retail, local authority discretionary grants and, crucially, extensions of furlough and loan schemes.

“Our Growth Hub facility, ynygrowthhub.com, gives signposting and advice on how to access support and we will do our best to support local authorities to reach businesses with grants coming through.

“Whilst this continued situation with the pandemic is incredibly hard, it is vital that we adhere to the new rules and work together to get through this incredibly difficult time.

“However, everyone can help the businesses that are at the heart of our economy. We must all BE LOCAL, SHOP LOCAL, BUY LOCAL. Our local supply chains are essential to support businesses in local communities and our high streets. Many businesses over the last year have got themselves online and our Growth Hub has provided free subscriptions to the online platform ShopAppy to help with this. We urge any business who needs support to get online to trade to visit our Growth Hub and take up the ShopAppy subscription. We have extra help in place right now to support businesses to get products online and promote the opportunity to local consumers.”

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