Dr Adam Marshall, Director General of the BCC, says the grants will be a lifeline for struggling businesses
BCC Director General Adam Marshall comments on the BEIS Select Committee report, ‘The impact of Coronavirus on businesses and workers: Interim pre-Budget report’, published today.
Results from the latest British Chambers of Commerce survey, in partnership with moneycorp, found that while 44% of UK exporters to the EU plan to grow their exports to the European Union, nearly a quarter (23%) are looking to either reduce their activity in the EU or have no activity at all in the next 12 months, following the ratification of the UK-EU Trade and Co-operation Agreement. Two-thirds of UK businesses are looking to increase activity in the domestic market.
The BCC is calling for the UK Government to set out a clear roadmap for reopening as its COVID impact survey finds many firms have been pushed to the brink.