Travel Agents: Coronavirus

(asked on 20th April 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, what steps he plans to take to support small travel agencies facing financial difficulties as a result of cancellations, refunds and loss of income during the covid-19 outbreak.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 28th April 2020

The Government recognises the extremely difficult circumstances many businesses are currently facing. The Government has launched an unprecedented set of support measures. The Coronavirus Business Interruption Loan Scheme (CBILS) offers financial support to smaller businesses that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. Firms with a turnover of up to £45 million can apply for a loan, invoice finance, asset finance or overdraft of up to £5 million for up to six years.

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