This year, Small Business Saturday comes at the end of a hugely challenging period for small businesses, with many facing long periods of closure and reduced income due to the pandemic.
Enfield Conservative Group has praised businesses across Enfield Borough (Enfield, Edmonton & Enfield Southgate) for stepping in to support the local community throughout 2020.
Throughout the course of pandemic, the Government has provided more than £280 billion to support lives and livelihoods. This includes:
- The furlough scheme has supported 1 in 3 jobs in Enfield Borough.
- Grants for the self-employed totalling £99.5million pounds in Enfield Borough, which have been made more generous in light of recent national and local lockdown announcements.
- Loans and Government-backed grants which have helped businesses facing severely reduced income because of pandemic.
- VAT cuts and business rates holidays for many small businesses, including those in the hospitality and retail sectors.
The Conservative Government is determined not to be blown off course by the pandemic and deliver on its promise, made at the General Election one year ago, to level up towns and communities across the whole country. To aid this, the Chancellor has recently announced a new £4 billion Levelling Up Fund to improve the infrastructure people and businesses rely on every day, following the £3.6 billion Towns Fund, and £1 billion Future High Streets Fund, which are helping to transform town centres across the country.
Commenting, Shadow Finance, Cllr James Hockney said:
“There’s no doubting just how challenging 2020 has been for small businesses, which are the backbone of Enfield Borough and the communities of Enfield, Edmonton and Enfield Southgate.
“We’ve seen local businesses step up to help our community time and time again this year, and I pay tribute to all of those who have played their part in getting us through the pandemic.
“With restrictions on retail now lifted, I hope everyone who can and can safely support our independent small businesses in the run up to Christmas, as this Conservative Government works to ensure as many as possible are able to thrive into 2021.”