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1147950

	registered interest
	date	02/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of businesses affected by Operation Kingfisher; and what plans his Department has made to mitigate the effects on those business.
	tabling member constituency	Liverpool, Wavertree
	tabling member printed	Luciana Berger
	uin	293533
	answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>As preparation for EU exit, the government has already made £6.3bn available and we have created a £108m Brexit Business Preparedness Pot – which is being allocated across government.</p><p> </p><p>The Department for Business, Energy, and Industrial Strategy has – from this pot - introduced a £15m Business Readiness Grant Scheme to enable business representative organisations to aid SMEs across England and the UK to prepare for Brexit.</p><p> </p><p>We will continue to monitor and work closely with businesses across the country to help ensure they are fully prepared for when the UK leaves the EU.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 07/10/2019 12:51:35 answering member 4483 label Biography information for Rishi Sunak
	tabling member	4036 label Biography information for Luciana Berger

1147951

	registered interest
	date	02/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what criteria his Department has set for businesses which wish to apply for the bailout fund created by Operation Kingfisher.
	tabling member constituency	Liverpool, Wavertree
	tabling member printed	Luciana Berger
	uin	293534
	answer	answer is ministerial correction date of answer 07/10/2019 answer text <p>The first port of call for a business facing cashflow issues should be commercial lending. As the Bank of England have said, UK banks are well-prepared, well-capitalised, and publicly committed to continuing to lend to viable businesses.</p><p> </p><p>Overall, the government has already made over £6.3bn available to prepare for EU exit. This includes £2 billion of core funding for departments for Brexit in 2020-21, which was confirmed in the recent Spending Round.</p><p> </p><p>The UK economy remains resilient, but we will continue to closely monitor any developments in economic risks to firms, sectors, and regions. We are considering what further support may be needed and any announcements will be made in due course.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 07/10/2019 09:59:43 answering member 4483 label Biography information for Rishi Sunak
	tabling member	4036 label Biography information for Luciana Berger