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Written question asked by Luke Evans (Conservative) on Wednesday, 18 March 2020, in the House of Commons. It was due for an answer on Monday, 23 March 2020. It was answered by Nigel Huddleston (Conservative) on Wednesday, 1 April 2020 on behalf of the Department for Digital, Culture, Media and Sport.

Exercise: Industry

Question

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps his Department is taking to ensure the financial stability of (a) gyms, (b) amateur sports clubs and (c) community sport event organisations and (d) other parts of the fitness industry during the covid-19 outbreak.

Answer

The Chancellor has announced an unprecedented support package including: a Coronavirus Job Retention Scheme, where small and large employers will be eligible to apply for a government grant of 80% of workers’ salaries; a deferral of the next quarter of VAT payments for firms, until the end of June, representing a £30bn injection into the economy; £330bn worth of government backed and guaranteed loans to support businesses; and a Self-Employed Income Support Scheme will help eligible freelance workers receive up to £2,500 per month in grants for at least three months.

During the Coronavirus outbreak I have engaged regularly with the sport sector to understand how it can benefit from this support, and address any remaining issues.

Secondary information

Type
Written question
Reference
31572
Session
2019-21
Transferred
Yes
Subjects
Finance Industry Government assistance Exercise
Contains statistics
Yes
Link
View this Written question on www.parliament.uk