Covid-19: Government Support for Business Debate
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Gavin Newlands
Main Page: Gavin Newlands (Scottish National Party - Paisley and Renfrewshire North)Department Debates - View all Gavin Newlands's debates with the HM Treasury
Covid-19: Government Support for Business
Gavin Newlands Excerpts(2 years, 5 months ago)
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Gavin Newlands (Paisley and Renfrewshire North) (SNP)
I just asked the Secretary of State for Transport about support for aviation and was given the Department for Transport’s greatest hits. The truth is that the aviation sector was hardest hit. Its recovery has been uneven and the weakest in Europe. It will need support. Measures already brought in, such as the coronavirus large business interruption loan scheme, will have to be extended for some sectors, in the same manner as CBILS. Thousands of jobs have gone in my constituency. Does the Treasury actually understand how serious the situation is?
John Glen
Yes, we do, and that is why we have given £12 billion of loan guarantees through the covid corporate financing facility for the aviation sector. At the Budget, we put in the airport and ground operations support scheme to help with fixed costs over the next six months. Of course I recognise that the situation is having a significant impact on the sector and the Government will remain engaged to support where we possibly can.