Businesses will be protected from the threat of eviction until the end of year, providing commercial tenants with greater security and protecting vital jobs, Communities Secretary Robert Jenrick has announced.
The measures are on top of the wider ranging financial package provided by the UK government, backed by £160 billion, to protect jobs, incomes and business throughout and beyond this pandemic.
The government is clear that where businesses can pay their rent, they should do so, as this support is aimed to those businesses struggling the most during the pandemic.
This move will help those businesses most in need of additional support to remain in their premises without the threat of eviction for the rest of this year, giving them the chance to focus on rebuilding their business over the autumn and Christmas period.
Commenting on extended support to prevent business evictions until the end of 2020, announced by the government today, BCC Co-Executive Director Claire Walker said:
“Both tenants and landlords will welcome the government’s flexible and pragmatic approach which may protect firms from eviction who are struggling with their cashflow. Today’s announcement will provide much-needed breathing space and give businesses a chance to plan and successfully rebuild their operations.”