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To: Rishi Sunak - Chancellor of the Exchequer
Allow ALL small businesses access to the Small Business Coronavirus Grant Scheme
Allow small Limited Companies trading from a residential address access to the Small Business Coronavirus Grant Scheme.
Why is this important?
Why should small businesses (limited companies) operating from a residential address not qualify for the Coronavirus grant scheme?
Just because we do not trade from a business property (paying business rates or claiming small business rate relief), we do not qualify for anything other than a loan - putting us further into long-term debt.
According to the latest statistics from the House of Commons Business Statistics, there were around 2 million limited companies operating in the UK in 2019. Of these 2 million actively trading companies, around 990,000 were employers, whereas 891,000 companies were not. Therefore, just over half of limited companies are employers and just under a half are one-man-band businesses (more thank likely trading from home). The Government's "Small Business Coronavirus Grant Scheme" has let down these businesses simply because they trade from home.
All I am asking is that these businesses be given access to the same grants system as the other businesses that trade from a property that is paying business rates (or receiving small business rates relief).
Smaller businesses like ours do not have the reserves of our much larger counterparts and simply cannot afford to go three weeks (let alone another three) without income. To us, this isn't just a business, this our livelihood, this is how we feed our families.