03 Apr 2020
As we approach the end of the week, I wanted to provide an update on the business support measures that we have worked to secure as a Chamber network and the areas we continue to engage on.
I will start by welcoming yesterday’s announcement from the Chancellor to improve access to the Coronavirus Business Interruption Loan scheme (CBIL). The changes implemented demonstrate a willingness from Government to listen to real-world concerns.
We also commend Glasgow City Council on progress made regarding the implementation of the Coronavirus Business Support fund and expect the volume of grants distributed to increase at pace over the coming days.
Feedback on the Job Retention scheme and Self-Employed Income support has also been positive, but we continue to seek feedback from members on whether they are experiencing any issues with scheme rules or implementation.
There are a few areas that we continue to make representation on. In particular, there are some concerns about different rules being applied in Scotland around rates related grants and the classification of key workers. Furthermore, we are continuing to make representations via British Chambers of Commerce on support for SME company directors.
Whenever guidance is updated, we will refresh our website to provide links to sources of funding and support.
Finally, I would like to thank you for your continued support and ask that you keep in touch regarding any issues that you are experiencing or observations that you have.
Stuart Patrick CBE, Chief Executive, Glasgow Chamber of Commerce