Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

1225159

registered interest
date	15/07/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Future Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the criteria for allocating funding from the Future Fund.
tabling member constituency	Rotherham
tabling member printed	Sarah Champion
uin	74606
answer	answer is ministerial correction date of answer 20/07/2020 answer text <p>The eligibility criteria for the allocating of the Future Fund loans, and indeed all coronavirus loan schemes is freely available on the British Business Bank website:</p><p><a href="https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/future-fund/" target="_blank">https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/future-fund/</a>.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 20/07/2020 13:47:28 answering member 4414 label Biography information for Paul Scully
tabling member	4267 label Biography information for Sarah Champion

1218627

registered interest
date	29/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Non-surgical Cosmetic Treatments: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether aesthetics clinics are permitted to reopen on 4 July 2020 as part of the easing of lockdown restrictions due to the covid-19 outbreak; and whether his Department plans to publish industry-specific guidance on operating in a covid-19 environment.
tabling member constituency	Rotherham
tabling member printed	Sarah Champion
uin	66064
answer	answer is ministerial correction date of answer 06/07/2020 answer text <p>All businesses that provide cosmetic procedures or treatments for aesthetic and beauty purposes fall into the definition of a beauty salon. These are currently required to remain closed until further notice.</p><p> </p><p>We have already provided (23 June) guidance for close contact services so that they can prepare to reopen where they are currently unable to. The Government continues to work with the sector to provide advice on which premises are permitted to reopen. We will provide further information as soon as possible.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 06/07/2020 16:03:24 answering member 4414 label Biography information for Paul Scully
tabling member	4267 label Biography information for Sarah Champion

1198014

registered interest
date	01/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Large Business Interruption Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of amending and lowering the seniority levels required to access the Coronavirus Large Business Interruption Loan Scheme to expand eligibility for that scheme.
tabling member constituency	Rotherham
tabling member printed	Sarah Champion
uin	52016
answer	answer is ministerial correction date of answer 04/06/2020 answer text <p>Except in respect of a residential development facilities, a CLBILS facility must at all times during its life, rank on at least a pari passu basis with the most senior obligations (including secured and/or super-senior obligations, if any) of the Borrower. This includes from all collateral taken by any lender from the borrower unless the borrower is a financing vehicle, whereby this will include any collateral from any member of its Group.</p><p> </p><p>There are certain carveouts from this requirement including collateral:</p><ul><li>with an aggregate value not greater than 10% of the value (determined by the lender in accordance with its lending policies) of all relevant collateral, and</li><li>relating to asset and invoice finance facilities entered into in the ordinary course of business where the proceeds of such collateral would not be available to facilities other than such asset or invoice finance facility and where the lending policies and procedures would not require it to take security over such collateral.</li></ul><p> </p><p>This approach ensures that taxpayer interests are suitably protected when providing government guarantees for facilities of up to £200 million to mid-cap and large businesses which tend to have more complex capital structures.</p><p> </p><p>The CLBILS is designed to provide temporary assistance to businesses that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak. In this situation, existing lenders to a business will need to be willing to accept a temporary dilution to their own seniority reflecting this generous assistance from the Government.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 04/06/2020 13:08:09 answering member 4414 label Biography information for Paul Scully
tabling member	4267 label Biography information for Sarah Champion