I am delighted by new statistics showing the huge Government support to individuals and businesses across Ruislip, Northwood and Pinner.
Throughout the coronavirus pandemic, the Conservative Government has provided a huge and unprecedented package of support to protect both lives and livelihoods through this incredibly challenging period. In total, more than £160 billion has been provided as part of the Government’s economic response to coronavirus, and the latest statistics from the Treasury now show the scale of that support in Ruislip, Northwood and Pinner.
- 12,200 people have had their job protected through the Job Retention Scheme, which has allowed employers to furlough workers while the Government has provided up to 80 per cent of their wages (figures up to 30 June)
- 4,300 self-employed people in Ruislip, Northwood and Pinner have accessed 14,200,000 worth of Government grants, which do not need to be paid back, to cover lost earnings (figures up to 30 June)
- £103,237,199 has been paid out to local businesses in the form of Bounce Back Loans and Business Interruption Loans, which provides loans of up to £50,000 within days of an application (figures up to 2 August)
- £16,440,000.00 worth of grants has been handed out to businesses in Ruislip, Northwood and Pinner, which do not need to be paid back (figures up to
This unprecedented package of support comes on top of the 7,790 of loans offered to businesses across London, worth 2,001,937,526.
While much of this support has been focused on supporting people through the immediate crisis, the Government has recently set out the next phase of its economic response. In June, the Prime Minister unveiled the New Deal for Britain – accelerating billions of pounds worth of infrastructure projects to get the country building and kickstart the economy – followed by the Chancellor’s Plan for Jobs in July, which set out how the Government intends to create, protect and support jobs in the months ahead, and secure the UK’s long-term prosperity, backed by up to £30 billion.
I know that this year has been hugely challenging for people and businesses in the constituency and these latest figures demonstrate the scale of support that the Government has put in place to support lives and local livelihoods.
As we now work to restart our economy, I have no doubt that the Government will continue to support people in our local community. Schemes such as the hugely popular Eat Out to Help Out are already proving a huge success at getting customers back into local businesses.
Never has a government’s agenda to level up the whole county been so important and I am supportive of plans to provide businesses with the confidence to retain and hire, create jobs and ensure young people have the opportunity of a better start in the Ruislip, Northwood and Pinner.