Money

GGF urges Chancellor to improve financial support

  • 15 Apr 2020

Following an internal review of the Government’s financial support packages, the Glass and Glazing Federation (GGF) has formally written to The Chancellor of the Exchequer, highlighting the current cash flow crisis in the glass and glazing industry, caused by the COVID-19 outbreak. 

In the communication, the GGF has stressed that the length of time the claim to payment process is taking will mean money under the new Government schemes might not reach companies in time, with an anticipated 6 – 8 week process period.  

The GGF letter also proposed three ways the Government could improve the current financial situation for many small to medium sized companies during the COVID-19 crisis. These proposals are…

 1) That glass and glazing companies be made eligible for the Cash Grant Scheme (that is currently open only for companies in the retail, hospitality and leisure sectors) 

 2) That glass and glazing companies are made eligible to apply for the current Business Rates Holiday (currently only open to companies in retail, hospitality and leisure sectors)

 3) To increase the maximum amount that can be claimed under the Small Business Grant Funding scheme from £10,000 to £30,000

The GGF has asked the Chancellor to treat these proposals as a priority to prevent many small to medium sized companies potentially going out of business and causing greater problems throughout the supply chain and to the wider economy.

Contact:

Glass and Glazing Federation
40 Rushworth Street
London
SE1 0RB
LONDON

t: 0207 939 9101

Visit the Glass and Glazing Federation (GGF) website

Leave a Reply

Latest news

HMG Paints

HMG Paints gain Made in Britain Accreditation

HMG Paints, the UK’s Largest Independent Paint Manufacturer, have attained Made in Britain accreditation.

Posted in Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Interiors, Paints, Paints, Coatings & Finishes

Senior

Senior frames Nottingham’s waterside views

Senior Architectural Systems has provided a high-performance fenestration package for a stunning new residential development in Nottingham.

Posted in Aluminium Products, Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Curtain Walling, Doors, Glazing, Restoration & Refurbishment, Retrofit & Renovation, Walls, Windows

ASSA ABLOY

ASSA ABLOY wireless access control report identifies sector trends and technologies to watch in 2021

A new report — from IFSEC Global, ASSA ABLOY Opening Solutions and analysts Omdia — reveals fresh market data generated by a survey conducted at the end of 2020.

Posted in Access Control & Door Entry Systems, Articles, Building Industry News, Health & Safety, Information Technology, Innovations & New Products, Publications, Research & Materials Testing, Security and Fire Protection

Pilkington

Pilkington bring the outdoors in at Canadian lakeside retreat

Lake Huron House, on the banks of one of North America’s five Great Lakes; features glass products from the Pilkington product portfolio.

Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Glass, Glass Projects, Glazing, Restoration & Refurbishment, Retrofit & Renovation, Walls, Windows