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The Cambridgeshire and Peterborough Combined Authority are monitoring the Coronavirus (Covid-19) situation daily and will be proactively updating our information for business via this channel as well as on our website and social media sites.
Later this week the Combined Authority will be commissioning the ongoing gathering of Coronavirus business resilience intelligence in Cambridgeshire and Peterborough to send back to Government and to use to ensure local businesses are getting the targeted support they need.
The Chancellor of the Exchequer Rishi Sunak has outlined the Government’s upgraded response to support the economy after measures to curb the coronavirus were stepped up significantly this week. His key message yesterday was: “We will do whatever it takes.”
The headline measures were:
This goes significantly further than the £30bn package of COVID-19 measures announced in last week’s budget. The £330bn of loans accompany £20bn of grants and tax cuts for affected companies. The Chancellor said that the measures represent one of several steps to support the economy and that more would follow.
There is still detail to work through on how this significant support finds its way through to the frontline of business.
At the Cambridgeshire and Peterborough Combined Authority we are working with the relevant Government departments to find out more. We will share key information with our business community as rapidly as possible.
We are also representing the voice of local enterprise back to Government to ensure that support for the Cambridgeshire and Peterborough economy has the maximum impact on the people who live and work here.