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1189301

	registered interest
	date	22/04/2020
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	Cooperatives and Social Enterprises: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what plans he has to increase access to finance for (a) social enterprises and (b) co-operatives during the covid-19 outbreak.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	38907
	answer	answer is ministerial correction date of answer 29/04/2020 answer text <p>The government recognises the vital work social enterprises and co-operatives are doing to support communities and ease demands on public services in light of Covid-19. In recognising this, we have put in place a number of emergency measures to support these organisations during this time.</p><p><strong> </strong></p><p>The government’s Coronavirus Business Interruption Loan Scheme (CBILS) has been made available to social enterprises and co-operatives. This scheme will provide lenders with a government-backed guarantee of 80% on each loan, ensuring eligible social enterprises and co-operatives gain access to crucial finance with no upfront costs and lower initial repayments. Big Society Capital has established and capitalised a Resilience and Recovery Loan Fund which aims to improve access to CBILS for social enterprises. The initiative has been enabled by the Department for Digital, Culture, Media and Sport (DCMS) accelerating the release of previously committed dormant bank accounts money.</p><p><strong> </strong></p><p>The Coronavirus Job Retention Scheme is also available to social enterprises and co-operatives. This scheme allows employers to claim for a cash grant of up to 80% of a furloughed employee's wages. Many organisations are already accessing this support measure.</p><p><strong> </strong></p><p>Additionally, the government announced a £750 million support package earlier this month for charities. A number of social enterprises that are delivering vital work during the coronavirus outbreak will be eligible to apply for this support package.</p><p><strong> </strong></p><p>Over the coming weeks and months, the government will monitor and evaluate the support that has been provided to social enterprises and co-operatives, and it continues to consider what else can be done. This includes examining further initiatives around access to finance for social enterprises and cooperatives.</p> answering member constituency Maldon answering member printed Mr John Whittingdale grouped question UIN 38902 38903 question first answered 29/04/2020 21:06:50 answering member 39 label Biography information for Sir John Whittingdale
	tabling member	4006 label Biography information for Dr Matthew Offord

1189295

	registered interest
	date	22/04/2020
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	Social Enterprises: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to the covid-19 outbreak, what assessment his Department has made of the effectiveness of the Government's business support package for social enterprises.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	38902
	answer	answer is ministerial correction date of answer 29/04/2020 answer text <p>The government recognises the vital work social enterprises and co-operatives are doing to support communities and ease demands on public services in light of Covid-19. In recognising this, we have put in place a number of emergency measures to support these organisations during this time.</p><p><strong> </strong></p><p>The government’s Coronavirus Business Interruption Loan Scheme (CBILS) has been made available to social enterprises and co-operatives. This scheme will provide lenders with a government-backed guarantee of 80% on each loan, ensuring eligible social enterprises and co-operatives gain access to crucial finance with no upfront costs and lower initial repayments. Big Society Capital has established and capitalised a Resilience and Recovery Loan Fund which aims to improve access to CBILS for social enterprises. The initiative has been enabled by the Department for Digital, Culture, Media and Sport (DCMS) accelerating the release of previously committed dormant bank accounts money.</p><p><strong> </strong></p><p>The Coronavirus Job Retention Scheme is also available to social enterprises and co-operatives. This scheme allows employers to claim for a cash grant of up to 80% of a furloughed employee's wages. Many organisations are already accessing this support measure.</p><p><strong> </strong></p><p>Additionally, the government announced a £750 million support package earlier this month for charities. A number of social enterprises that are delivering vital work during the coronavirus outbreak will be eligible to apply for this support package.</p><p><strong> </strong></p><p>Over the coming weeks and months, the government will monitor and evaluate the support that has been provided to social enterprises and co-operatives, and it continues to consider what else can be done. This includes examining further initiatives around access to finance for social enterprises and cooperatives.</p> answering member constituency Maldon answering member printed Mr John Whittingdale grouped question UIN 38903 38907 question first answered 29/04/2020 21:06:50 answering member 39 label Biography information for Sir John Whittingdale
	tabling member	4006 label Biography information for Dr Matthew Offord

1189296

	registered interest
	date	22/04/2020
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	Social Enterprises: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what steps his Department has taken to support social enterprises during the covid-19 pandemic.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	38903
	answer	answer is ministerial correction date of answer 29/04/2020 answer text <p>The government recognises the vital work social enterprises and co-operatives are doing to support communities and ease demands on public services in light of Covid-19. In recognising this, we have put in place a number of emergency measures to support these organisations during this time.</p><p><strong> </strong></p><p>The government’s Coronavirus Business Interruption Loan Scheme (CBILS) has been made available to social enterprises and co-operatives. This scheme will provide lenders with a government-backed guarantee of 80% on each loan, ensuring eligible social enterprises and co-operatives gain access to crucial finance with no upfront costs and lower initial repayments. Big Society Capital has established and capitalised a Resilience and Recovery Loan Fund which aims to improve access to CBILS for social enterprises. The initiative has been enabled by the Department for Digital, Culture, Media and Sport (DCMS) accelerating the release of previously committed dormant bank accounts money.</p><p><strong> </strong></p><p>The Coronavirus Job Retention Scheme is also available to social enterprises and co-operatives. This scheme allows employers to claim for a cash grant of up to 80% of a furloughed employee's wages. Many organisations are already accessing this support measure.</p><p><strong> </strong></p><p>Additionally, the government announced a £750 million support package earlier this month for charities. A number of social enterprises that are delivering vital work during the coronavirus outbreak will be eligible to apply for this support package.</p><p><strong> </strong></p><p>Over the coming weeks and months, the government will monitor and evaluate the support that has been provided to social enterprises and co-operatives, and it continues to consider what else can be done. This includes examining further initiatives around access to finance for social enterprises and cooperatives.</p> answering member constituency Maldon answering member printed Mr John Whittingdale grouped question UIN 38902 38907 question first answered 29/04/2020 21:06:50 answering member 39 label Biography information for Sir John Whittingdale
	tabling member	4006 label Biography information for Dr Matthew Offord

1189297

	registered interest
	date	22/04/2020
	answering body	Department for Digital, Culture, Media and Sport
	answering dept id	10
	answering dept short name	Digital, Culture, Media and Sport
	answering dept sort name	Digital, Culture, Media and Sport
	hansard heading	Social Enterprises: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions his Department has had with representatives of the social enterprise sector on the effect of the covid-19 outbreak on their businesses.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	38904
	answer	answer is ministerial correction date of answer 28/04/2020 answer text <p>Ministers and officials are engaging constantly with representatives across the social enterprise sector to ensure a complete understanding of the unique challenges being faced by social enterprises as a result of Covid-19. We have been using, and continue to use, these ongoing insights and data to shape government support for social enterprises during this time of financial difficulty. By engaging with key membership bodies, such as Social Enterprise UK (SEUK), we will be monitoring the effectiveness of support measures in the coming weeks and months.</p> answering member constituency Maldon answering member printed Mr John Whittingdale question first answered 28/04/2020 15:08:41 answering member 39 label Biography information for Sir John Whittingdale
	tabling member	4006 label Biography information for Dr Matthew Offord