Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what support his Government is providing to the aerospace industry to help ensure the survival of jobs and businesses during the covid-19 outbreak.
Aerospace companies have been able to access the Government’s extensive Covid-19 business support measures, such as the Coronavirus Job Retention Scheme and the Coronavirus Business Interruption Loan Scheme. In addition, the aerospace industry and its aviation customers are being supported with around £9 billion made available through the Bank of England’s Covid Corporate Financing Facility, grants for research and development, loan guarantees and support to exporters.