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1257208
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Offshore Industry: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the total value of covid-19 related grants and payments is from the public purse to duty holders in the UK sector of the offshore oil and gas industry, broken down by support for (a) revenue streams, (b) capital investment and (c) employment costs. more like this
tabling member constituency North Tyneside more like this
tabling member printed
Mary Glindon more like this
uin 123594 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-12-09more like thismore than 2020-12-09
answer text <p>The Government does not publish the level of data requested in order to prevent the release of potentially disclosive information.</p><p> </p><p>The Government is closely monitoring the impacts of the pandemic and period of low oil prices on the upstream oil and gas industry and continues to engage closely with a range of stakeholders from the sector.</p><p> </p><p>Throughout this crisis, the Government has sought to protect people’s jobs and livelihoods, and support businesses and public services across the UK. The Government has spent over £280 billion to do so this year.</p><p> </p><p> </p><p>Covid-19 related grants and payments available to businesses and individuals across the country include the Coronavirus Job Retention Scheme (CJRS) and the Self-Employed Income Support Scheme (SEISS). Further grants to help businesses include the Additional Restrictions Grant (ARG) to local authorities in England.</p><p> </p> more like this
answering member constituency Saffron Walden more like this
answering member printed Kemi Badenoch more like this
question first answered
less than 2020-12-09T10:28:00.347Zmore like thismore than 2020-12-09T10:28:00.347Z
answering member
4597
label Biography information for Kemi Badenoch more like this
tabling member
4126
label Biography information for Mary Glindon remove filter
1257209
registered interest false more like this
date remove filter
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Offshore Industry: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what the value is of covid-19 related loans (a) from the public purse and (b) via the British Business Bank to duty holders in the UK sector of the offshore oil and gas industry, broken down by support for (a) revenue streams, (b) capital investment and (c) employment costs. more like this
tabling member constituency North Tyneside more like this
tabling member printed
Mary Glindon more like this
uin 123595 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-12-09more like thismore than 2020-12-09
answer text <p>The three Coronavirus Business Interruption loan schemes are administered by the British Business Bank and delivered by accredited lenders. The Loans are designed to ensure that businesses have access to capital to help them through this difficult time, with the temporary cashflow impacts of Covid-19.</p><p> </p><p>The British Business bank does not keep data on (a) revenue streams, (b) capital investment and (c) employment costs.</p><p> </p><p>The British Business Bank publishes lending figures under the BBLs and CBILS schemes, including by sector as follows:</p><p> </p><table><tbody><tr><td><p><strong>BBLS</strong> by Sector</p></td><td><p>Number of BBLS facilities</p></td><td><p>Volume of Finance under BBLS (£)</p></td><td><p>% of BBLS facilities</p></td><td><p>% of business population</p></td></tr><tr><td><p>Mining and Quarrying; Electricity, Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities</p></td><td><p>9518</p></td><td><p>303,000,000</p></td><td><p>1%</p></td><td><p>0.6%</p></td></tr><tr><td><p><strong>CBILS</strong> by Sector</p></td><td><p>Number of facilities</p></td><td><p>Volume of Finance under CBILS (£)</p></td><td><p>% of CBILS facilities</p></td><td><p>% of business population</p></td></tr><tr><td><p>Mining and Quarrying; Electricity, Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities</p></td><td><p>709</p></td><td><p>196,000,000</p></td><td><p>1%</p></td><td><p>0.6%</p></td></tr></tbody></table><p> </p><p>The Covid Corporate Financing Facility provides debt finance to support fundamentally strong companies through the market disruption brought about through Covid-19. The scheme is funded by central bank reserves – in line with other Bank of England market operations - and is indemnified by HM Treasury. Details of outstanding lending through the scheme are published weekly on the Bank of England website.</p>
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2020-12-09T12:25:26.263Zmore like thismore than 2020-12-09T12:25:26.263Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4126
label Biography information for Mary Glindon remove filter