Business chief: Third lockdown will do “irrecoverable damage” to Croydon firms

By Tara O’Connor, Local Democracy Reporter

The third coronavirus lockdown will cause ‘irrecoverable damage’ to businesses in Croydon, it has been warned.

The national lockdown, set to last until at least mid-February, is the latest in a series of body blows to struggling local businesses.

It comes less than a month after London entered Tier 4 restrictions, meaning all non-essential shops had to close their doors.

Chief executive of Croydon BID (Business Improvement District), Matthew Sims, pictured, said: “A third lockdown nine months in will place severe pressure on businesses locally. It will cause irrecoverable damage to some.

“If we look at the restrictions which have been imposed since March last year, many businesses are holding on desperately in the hope that we come through this to look for that glimmer of hope.”

The Chancellor Rishi Sunak yesterday announced a new £4.6 billion lockdown fund, which includes £9,000 top-up grants for companies in the retail, hospitality and leisure sectors.

Mr Sims welcomed this cash, but wanted assurances that more support would be offered if the lockdown was extended.

He said: “We welcome the support for businesses, but are conscious that at the moment the lockdown is until mid-February. The financial support that has been offered is until that point in time.

“We are calling for reassurances that if the lockdown is extended the grants will be extended to keep as many businesses as we can.

“We are at that stage where there are some businesses that won’t make it, it is an awful situation to be in. We’ve got to do everything we can to support every business.”


Please support your local paper by making a donation

 

 

Please make cheques payable to “MSI Media Limited” and send by post to South London Press, Unit 112, 160 Bromley Road, Catford, London SE6 2NZ


Housing Secretary Robert Jenrick has encouraged everyone in the country who can afford to do so to buy a newspaper, and told the Downing Street press briefing recently: “A free country needs a free press, and the newspapers of our country are under significant financial pressure”.

So if you have enjoyed reading this story, and if you can afford to do so, we would be so grateful if you can buy our newspaper or make a donation, which will allow us to continue to bring stories like this one to you both in print and online.

Everyone at the South London Press thanks you for your continued support.


Leave a Reply

Your email address will not be published. Required fields are marked *