The new Bounce Back Loans scheme, which will provide loans of up to £50,000, will help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic.
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608 business properties in Redditch have already received grants as part of the Government’s Small Business Grants Scheme. In total, £7,145,000 has made its way to small businesses in the area.
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Rishi Sunak is taking further action to support firms affected by coronavirus by bolstering business interruption loans and announcing a new scheme for larger companies.
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Rachel has welcomed the robust intention of the new Government to concentrate on re-balancing upcoming economic success throughout the country.
Read MoreThousands of full-time workers in Redditch are set to receive an annual pay rise of up to £930 following a 6.2% increase in the National Living Wage.
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Rachel is urging residents to have their say on how a Town Deal worth up to £25 million for Redditch should be invested.
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“A bold domestic agenda which will improve the lives of people in Redditch,” Rachel said following yesterday’s (October 15th) Queen’s Speech.
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Keen to show how innovative businesses are in Redditch, Rachel visited a brewery which uses vertical farming to brew its beer.
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Rachel has backed the Government’s Spending Round which focuses on the top priorities of Redditch residents.
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Following the launch of the West Midlands Local Industrial Strategy, Rachel has pressed the Government to ensure Redditch is boosted by the ambitious plans.
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With the UK’s exit from the European Union just 42 days away, Rachel will be hosting a Brexit...
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Rachel has welcomed the Chancellor’s Budget which delivers on the priorities of hard-working...
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