Delivering the budget in Parliament Rishi Sunak said:
“This Budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people. First, we will continue doing whatever it takes to support the British people and businesses through this moment of crisis. Second, once we are on the way to recovery, we will need to begin fixing the public finances – and I want to be honest today about our plans to do that. And, third, in today’s Budget we begin the work of building our future economy.”
For businesses, the main points were:
Robin McGowan, Chief Executive of Salisbury BID said: “We know 2020 was a terrible year for many businesses as the UK economy shrunk by 10%, however, we can look ahead with hope as the Chancellor today revealed an annual growth of 4% is predicted for this year. The continuation of the business rates holiday will help many of our levy payers, with a new Restart Grant scheme offering help to those planning to re-open soon. We look forward to continuing reactive support from the government for town and city centres as they start to re-open over the coming months.”
Wiltshire Council has responded to the Budget saying it 'brings welcome news of more support for businesses and potential investment in Wiltshire.'
Cllr Philip Whitehead, Leader of Wiltshire Council, said: “It’s great news that the Chancellor has announced further funding for businesses affected by the COVID-19 pandemic in today’s Budget, plus increased opportunities for investment.
“The restart grants and extension of the VAT holiday are welcome news for Wiltshire businesses, and the extension in the Stamp Duty holiday will enable our Land Charges teams to help more people to buy property in the county.
“We’re awaiting more information on the business funding, including guidance on eligible businesses and how much we will be able to grant to support Wiltshire businesses, so we’d ask that people please do not contact us to find out more about this at present, as this will delay the payment of current grants.
“Our team is currently working hard to assess all Additional Restrictions Grant (ARG) applications and are processing payment where businesses meet the criteria. They are also currently processing payments for the Local Restrictions Support Grant payments, for the period of 16 February 2021-31 March 2021.
“We will share more information on any business grants, including any future rounds of funding, when we have it. In the meantime, I’d urge all businesses to sign up on our website for our business newsletter to be kept up-to-date with any new developments."
Businesses can sign up to the Wiltshire Council business newsletter here.
More information on today’s budget announcement can be found on the goverment website, plus, the Salisbury BID team are on hand for any advice and support. Contact us on firstname.lastname@example.org
In partnership with VisitWiltshire, Salisbury BID co-fund the Visit Salisbury website to promote the city to visitors. The Visit Salisbury website has a full events calendar for Salisbury.