CBI comments on new direct business grants

Annie Gascoyne, CBI Director of Economic Policy, said:

“New direct cash grants will certainly help small businesses if their area falls under new restrictions to protect public health.

“But the impact of COVID-19 is still hurting businesses, so the Government will need to look at more targeted support in the autumn. That needs to include a successor to the furlough scheme and allowing businesses to defer VAT payments from July to September.”