Business: Coronavirus

(asked on 11th November 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will increase the maximum permitted state aid limit of support that a business can receive under the Covid-19 Temporary Framework for UK Authorities.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 16th November 2020

Under the Covid-19 Temporary Framework for UK Authorities aid of up to €800,000 can be awarded to businesses affected by the coronavirus outbreak.

On 20 October, UK authorities submitted a notification to the European Commission to take advantage of a new measure under the European Commission’s Temporary Framework. This new measure would enable greater support to companies facing a decline in turnover during the eligible period of at least 30% compared to the same period of 2019, due to the pandemic. The support will contribute to a part of the beneficiaries' fixed costs that are not covered by their revenues, up to maximum amount of €3 million per business.

The European Commission is currently considering the notification and will provide a response in due course.

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