On Wednesday the Chancellor announced his Spring Budget, which was full of good news for people across the Hexham constituency and the country as a whole. The Chancellor outlined his plans to support people and businesses through the coronavirus pandemic and beyond the end of the Prime Minister's roadmap for easing restrictions and to level up the economy across all regions of the UK.
Key announcements in the Chancellor's Budget include:
- The extension of the furlough scheme until the end of September to ensure continued support for businesses, employees and their families
- Two further grants for the self-employed, including those who are newly self-employed
- New Restart grants of up to £18, 000 and recovery loans to support local businesses to reopen
- The opening of the new Levelling Up Fund for its first round of bids
- The opening of a new Treasury campus in Darlington, as part of the Government's commitment to level up and spread opportunity across the whole country
This Budget will provide businesses and families across Tynedale with the support they need to get through the pandemic. The extension of financial support, including the furlough scheme and additional grants for the self-employed, will be a tremendous help to local businesses and individuals as we start to reopen the country and economy. I am especially thrilled at the announcement of a new Treasury campus in the North East, which signals that the Government is committed to delivering investment and opportunity across our region.
Further information about financial support available to businesses and individuals can be found here- https://www.guyopperman.co.uk/financial-support
