Jobs still hang 'by a thread' in Lincolnshire due to Covidpublished at 16:01 Greenwich Mean Time 23 February 2021
Local Democracy Reporting Service
Business bosses in Lincolnshire say jobs still hang “by a thread” in the county due to the coronavirus pandemic and lockdowns, however they say there is “some light at the end of a very dark tunnel”.
In December, research suggested 218 businesses in Lincoln were at immediate risk of failing as they run out of cash.
Chancellor Rishi Sunak is due to announce details of his spring budget next week, where he is expected to extend the furlough scheme until at least May.
That follows the Prime Minister’s announcement yesterday focusing on the way out of the coronavirus lockdown.
Simon Beardsley, chief executive of Lincolnshire Chamber of Commerce, said: “Even with the new roadmap, the future of thousands of firms and millions of jobs still hangs by a thread.
"Many hard-hit businesses simply don’t have the cash reserves needed to hold out several more months before they are allowed to reopen.
“We will continue to lobby to see that all the key support schemes for business should be extended – through the summer and wherever possible throughout 2021 – to ensure that as many viable organisations as possible can make it to the end of this pandemic and on the road to recovery," he added.