Originally written by Timothy Adler on Small Business
Small business associations have called for support to be extended to match any delay in reopening due to current lockdown restrictions.
The final easing of lockdown restrictions is set to be postponed beyond June 21, according to reports. Most current rules will remain in place.
However, from July 1, businesses are due to contribute 10 per cent of staff wages in a staged withdrawal of furlough, which is set to finish at the end of September. And a moratorium on evictions and debt collection from commercial tenants is due to lift on June 30.
>See also: Swap Bounce Back debt for employee equity, say industry experts
The worry is that without more taxpayer support already vulnerable small businesses will close completely.
Organisations including the Federation of Small Businesses, UK Hospitality and British Chambers of Commerce said they were poised to demand help such as loan forbearance, more generous furlough terms, and an extension to an eviction ban and business rates holiday.
Most hospitaly venues are still losing money, are buried under a mountain of debt, and consider any delay to the lockdown easing timetable as a grave threat to the industry with hundreds of thousands of jobs at risk.