Connect with us

Business

Wagamama closes in Crawley before it even opens as owners cut up to 3,000 jobs

Published

on

It was applauded by many when it was announced that Frankie & Benny’s was to change into a Wagamama restaurant.

The old Frankie & Benny’s in Crawley’s leisure park which was to be turned into a Wagamama.

Only six months ago an announcement was made the restaurants owners TRG of the change.

Back then the owners confirmed that all the current staff were guaranteed jobs. Then Coronavirus hit.

Staff at the current site of the proposed Wagamama have received letters about CVA (Company Voluntary Arrangement) which would allow the company to restructure through an insolvency procedure.

Across the UK it has been reported that 125 Frankie & Benny’s restaurants are to now close with up to 3,000 jobs at risk.

But it is not only Wagamama that may be at risk. Restaurant Chiquito is also part of the TRG family.

TRG Group has been contacted for a statement on Crawley’s Chiquito restaurant.

Business

Crawley businesses take out over £90m in loans to survive COVID-19

Published

on

Statistics released by the Government have revealed the true extent of lending taken up by businesses across Crawley.

According to a release from the office of Crawley’s MP Henry SMith, businesses across Crawley have benefitted from £92,721,494 worth of loans since the start of the COVID-19 outbreak.

This includes 1,724 Bounce Back Loans worth £51,495,006 and 102 loans at a value of £41,226,488 through the Coronavirus Business Interruption Scheme.

The number is part of the vast number that have been taken out throughout the whole of the south east of England, where a total of 175,946 Bounce Back Loans, worth £5,269,988,799, and 9,026 Coronavirus Business Interruption Loans, worth £2,154,703,689, have been provided to support businesses across all sectors, protecting jobs and livelihoods.

Crawley MP Henry Smith said;

“This year has been hugely challenging for businesses in Crawley, but these latest figures demonstrate the scale of support that the Government has put in place to protect livelihoods and businesses.

“Never has the Government’s agenda to level up the whole county been so important. I’ll continue to focus on supporting hardworking families across Crawley.”

With cases still rising and worries that more areas across the country may enter tighter restricttions, the Chancellor has also announced that the Government’s Job Support Scheme will be expanded to protect jobs and support businesses required to close their doors as a result of coronavirus restrictions, alongside increasing the cash grants to businesses in England required to shut in local lockdowns to support with fixed costs – worth up to £3,000 per month.

So far, the Government has provided over £200 billion throughout its economic response to coronavirus to support jobs and businesses in the UK.

The Chancellor of the Exchequer, Rishi Sunak, commented;

“Our support for businesses and workers has provided a lifeline to employers up and down the country, supporting people to stay in jobs and protecting livelihoods. “We will build on this as we move to the next stage of our recovery through the Winter Economy Plan, which will continue to protect jobs and help businesses through the months ahead.”

Continue Reading

Trending