Support for flood-hit firms welcomed

THE Federation of Small Businesses has welcomed the government’s announcement for support for businesses affected by the flooding.

The flooded car park at CPM, Thame, during the height of the floods in Thame (image courtesy of @diffie69 via twitter)

Commenting on the £10 million business support scheme to help firms affected by the floods get back on their feet,  David Knowles Leak, Thames Valley Regional Chairman, Federation of Small Businesses, said:  “Further financial support for small firms directly or indirectly affected, is good news, and builds on the help announced last week.

“With the floods yet to abate, we want the level of support to be kept under review. Firms in these areas will take months to get back on their feet, and may need further help.

“Since last summer, small businesses in flood risk areas have often been unable to access affordable and adequate insurance. We want the Government and the insurance industry to look again at the scheme they have in place for households in these areas, Flood Re, and see whether small businesses can be reinstated into that.”