MP Bob Seely has welcomed a new 100 per cent government-backed loan scheme for small businesses announced by Chancellor, Rishi Sunak, yesterday (27 April).

Commenting on the Contact-tracing and Testing Story in the Telegraph, Bob Seely MP said: 

“I welcome the proposal, although clearly we are waiting for full details and confirmation of go-ahead. 

MP Bob Seely says bed and breakfast providers on the Island are struggling to access financial support from the Government - and he intends to do all he can to help them.

“This deal will ensure supplies of essential food and medicine will continue, that urgent medical treatment can be accessed by those who need it and key workers can continue to come to St Mary’s and other sites.

Bob said: 

“I’m delighted this scheme has been fast-tracked by the Government. It follows many talks I’ve had with Government Ministers about pilot schemes that could benefit the Isle of Wight.

Bob said: 

MP Bob Seely has welcomed the latest multi-million-pound package of support from Government - designed to protect firms who are driving innovation and development in the UK.

Government funds for businesses who have furloughed staff can be accessed from today - and MP Bob Seely says it’s important that Island businesses are the first in the queue.

MP Bob Seely has welcomed the Government’s decision to enable thousands more workers to be furloughed.

MP Bob Seely has again encouraged Island businesses to take advantage of emergency funding which is available through the Solent Local Economic Partnership (LEP).