Monday 17 February 2014 12:40 am

Government pledges £10m fund for small businesses hit by floods

THE GOVERNMENT has announced a £10m funding package for small businesses affected by the floods, as Labour piles pressure on the PM to apply for emergency EU cash. A new hardship fund will be available to businesses in flooded areas that have been damaged by water or suffered loss of trade. Funded by the Department for business innovation and skills, ministers expect to pay around £2,500 per business. David Cameron said the government will continue to do what it can to get people back on their feet. “Dealing with these floods will be a long haul, requiring a stepped-up national effort with the whole country pulling together,” he said. Alongside additional funding there will be extra time to file company accounts in a deal agreed with Companies House, as well as a hotline for business support and offers of free office space for those who are unable to work in their own premises.

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