Access and mobility leaders have broadly welcomed yesterday’s Budget as a positive one for business.
Measures set out by Chancellor Rishi Sunak included business rates relief for
750,000 eligible businesses in the retail, hospitality and leisure sectors in England and a £7m ‘flexi-job’ apprenticeship programme that will enable apprentices to work with a number of employers in one sector.
While announcing a hike in corporation tax to 25% for businesses with profits of over £250,000 from April 2023, the Chancellor said businesses with profits of less than £50,000 would continue to pay the current rate of 19%.
Steven Mifsud, CEO of Direct Access, said the Chancellor had “delivered” for business.
The CEO said Direct Access was “very excited” about the proposal for the potential 130% tax uplift which would “fast-track” the company’s vision of involving disabled people in the design, installation and servicing of accessibility equipment.
“During the pandemic we have taken the path of innovating and diversifying the business, it is encouraging to see rewards and incentives for investments,” Steven said.
The CEO also welcomed rewards for entrepreneurial and business start-ups.
MD at TPG DisableAids, Alastair Gibbs, said the extension to the job retention scheme would allow a phased return to work as the lockdown eases and welcomed smaller mobility companies’ exemption from a hike in corporation tax.
Alastair said the Budget was “positive” on the whole, “given the circumstances we find ourselves in”.