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1277439

	registered interest
	date	18/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of setting up an equity finance scheme to support businesses through the covid-19 outbreak; and if he will make a statement.
	tabling member constituency	Wycombe
	tabling member printed	Mr Steve Baker
	uin	138942
	answer	answer is ministerial correction date of answer 21/01/2021 answer text As part of the government’s response to Covid-19, we developed the Future Fund, which provides equity finance for high growth, highly innovative companies. As of December, more than 900 firms have taken part in the scheme. answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 21/01/2021 14:34:00 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4064 label Biography information for Mr Steve Baker

1277501

	registered interest
	date	18/01/2021
	answering body	Department of Health and Social Care
	answering dept id	17
	answering dept short name	Health and Social Care
	answering dept sort name	Health and Social Care
	hansard heading	Coronavirus: Vaccination
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Health and Social Care, if he will make it his policy to vaccinate partners of clinically extremely vulnerable persons at the same time that those persons are vaccinated to reduce risks to their care.
	tabling member constituency	Wycombe
	tabling member printed	Mr Steve Baker
	uin	138943
	answer	answer is ministerial correction date of answer 12/04/2021 answer text <p>The Joint Committee on Vaccination and Immunisation (JCVI) are the independent experts who advise the Government on which vaccines the United Kingdom should use and provide advice on prioritisation at a population level, based on their assessments.</p><p>In line with current advice from the JCVI, adult members of a household that includes someone who is clinically extremely vulnerable (CEV) are prioritised for vaccination according to their own age and clinical risk. They are not prioritised based on sharing a household with someone who is CEV, whether this person is an adult or a child, so will not be vaccinated at the same time.</p><p>Exceptions to this rule include those who are in receipt of carer’s allowance, or those who are the main carer of an elderly or disabled person whose welfare may be at risk if the carer falls ill. These people should be offered vaccination in priority group six. Additionally, on 29 March 2021, the JCVI advised that household contacts of the immunosuppressed should be offered a COVID-19 vaccination alongside priority group six, and these people will be vaccinated accordingly.</p> answering member constituency Stratford-on-Avon answering member printed Nadhim Zahawi question first answered 12/04/2021 14:02:06 answering member 4113 label Biography information for Nadhim Zahawi
	tabling member	4064 label Biography information for Mr Steve Baker

1277438

	registered interest
	date	18/01/2021
	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	Bounce Back 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 his Department has made of the potential default rate for SMEs that took out loans under the Bounce Back Loan Scheme; and what steps he is taking to reduce that rate.
	tabling member constituency	Wycombe
	tabling member printed	Mr Steve Baker
	uin	138941
	answer	answer is ministerial correction date of answer 21/01/2021 answer text <p>The preliminary estimate of default rates was published in the BEIS Annual Report and Accounts for 19/20, is based on losses observed in previous programmes which are similar to the Scheme. However these estimates are highly uncertain.</p><p> </p><p>In order to reduce the potential default rate for SMEs, on 24th September my Rt. Hon. Friend Mr Chancellor of the Exchequer announced the Pay As You Grow measures. Under the measures, the Government will give all businesses that borrowed under the Bounce Back Loan Scheme (BBLS) the option to repay their loan over a period of up to ten years. This will reduce their average monthly repayments on the loan by almost half. UK businesses will also have the option to move temporarily to interest-only payments for periods of up to six months (an option which they can use up to three times), or to pause their repayments entirely for up to six months (an option they can use once and only after having made six payments).</p><p> </p><p>These changes will provide greater flexibility to repay these loans over a longer period and in a way that better suits businesses’ individual circumstances. A business which took out a £30,000 Bounce Back Loan would see their average monthly repayments fall from £532 to £309 (42% reduction) if they repaid the loan over 10 years rather than six. The same borrower could temporarily reduce their monthly repayments to just £63 if they switched to interest-only repayments.</p><p> </p><p>The first Bounce Back Loans repayments will begin in May 2021, and businesses will have the opportunity to request these Pay as you Grow measures before their first repayments fall due.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 21/01/2021 16:09:07 answering member 4414 label Biography information for Paul Scully
	tabling member	4064 label Biography information for Mr Steve Baker