UKFT is urging the government to provide support for individuals or companies that are not eligible for any of the existing Covid-19 related protection schemes. UKFT has been speaking with companies and individuals throughout the UK fashion and textile industry over the past few weeks and have identified a number of issues, which must be addressed urgently.
The association is referring to these companies as the ‘forgotten middle’ and they include the owners and/or founders of small limited companies who derive their income from a limited company but not through PAYE, the self-employed who have not shown any profits and those who were employed after February 28, 2020.UKFT is urging the government to provide support for individuals or companies that are not eligible for any of the existing Covid-19 related protection schemes. UKFT has been speaking with companies and individuals throughout the UK fashion and textile industry over the past few weeks and have identified a number of issues, which must be addressed urgently.#
UKFT is raising this issue with the government on a daily basis as are the CBI. UKFT is also raising many other issues with the government including; difficulty of accessing coronavirus business support loans; the need for a rates holiday for all businesses; the huge difficulty caused by retailers and brands cancelling orders; the limitations of the Small Business Grant scheme; the need to make the finance from the support schemes available much more quickly; and the need for the government to significantly increase the support available to the industry when the immediate crises has passed, according to a press release by UKFT.
Fibre2Fashion News Desk (GK)
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