3rd Mar, 2021

Region's business leaders welcome 'roadmap out of lockdown' - but warn more support needed for firms to survive

BUSINESS leaders in Coventry and Warwickshire have welcomed the roadmap out of lockdown – but warn that firms in the region will still need more support to survive the Covid-19 crisis.

In an address to Parliament, Prime Minister Boris Johnson set out the timeline when restrictions could be gradually lifted – but said the easing of lockdown would be guided by ‘data not dates’.

He said he wanted the current lockdown to be the last and the easing of restrictions to be irreversible, beginning with the reopening of schools and other education establishments on March 8, building to a potential full reopening of society and the economy on June 21.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “There is no doubt that this has been the most difficult year for businesses across our region, with some sectors being even hit harder than others.

“It has been a huge challenge for the Government to get the balance right and those in business will welcome the sentiment that this should be the final lockdown and will, therefore, support the cautious reopening of the economy based on the data at the time.

“The vaccines – one of which was famously administered for the first time here in Coventry – has given us a light at the end of the tunnel and, hopefully, a summer we can look forward to, particularly with UK City of Culture getting underway in May in Coventry.

“However, that optimism will be short-lived for many businesses if they run out of cash between now and when they are able to reopen. The Prime Minister mentioned that the Budget would see further announcements on support for businesses and we would urge the Chancellor to extend schemes such as furlough and business rates holidays to give companies breathing space.

“Further to that, we have to a plan of support for when the economy does reopen as, for many firms, it won’t simply be a case of flicking a switch as so many have lain dormant for a big part of the past year.

“Finally, it’s on all of us – local, regional and national Government as well as business – to work together to develop a roadmap for our young people, whose education and health and wellbeing have been so drastically affected over the past 12 months so that they have support for skills, mental health and wellbeing and, crucially, jobs.”

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