The majority of business support measures have been one-size-fits-all, but some crucial sectors of the economy need more bespoke support. The government’s grants and loans schemes to support businesses through the pandemic have directed large sums of money to affected businesses, with the Department estimating that over one million businesses have benefited. For example, the main government-backed loans schemes have extended over £35 billion of finance to businesses. The largest support measu...

The majority of business support measures have been one-size-fits-all, but some crucial sectors of the economy need more bespoke support. The government’s grants and loans schemes to support businesses through the pandemic have directed large sums of money to affected businesses, with the Department estimating that over one million businesses have benefited. For example, the main government-backed loans schemes have extended over £35 billion of finance to businesses. The largest support measures, such as the furlough scheme and loans schemes, have been broad-based and one-size-fits-all—an approach we have seen before in government’s engagemen Type: conclusion | Number: 7 | Response status: no_published_response