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1187041
registered interest false more like this
date less than 2020-03-23more like thismore than 2020-03-23
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 Business: 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 steps he is taking to support businesses that do not bank with a member of the British Bank Scheme during the covid-19 pandemic. more like this
tabling member constituency Huddersfield remove filter
tabling member printed
Mr Barry Sheerman more like this
uin 33421 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-03-31more like thismore than 2020-03-31
answer text <p>The Government has announced an unprecedented support package to help businesses through this challenging time.</p><p> </p><p>For larger businesses, this includes the new Covid Corporate Financing Facility (CCFF), which will provide additional help for firms facing cash flow disruption.</p><p> </p><p>For small and medium-sized businesses (SMEs), the Coronavirus Business Interruption Loan Scheme (CBILS) will provide Government-backed finance of up to £5m per business, helping SMEs who risk becoming unviable during this period. The scheme launched on Monday 23 March, and is being offered by a wide range of lenders. The British Business Bank (BBB) administer the scheme on behalf of Government, and are working with new lenders who wish to offer this scheme.</p><p> </p><p> </p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2020-03-31T10:23:09.05Zmore like thismore than 2020-03-31T10:23:09.05Z
answering member
4051
label Biography information for John Glen more like this
tabling member
411
label Biography information for Mr Barry Sheerman more like this