Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 September 2020 to Question 77560 on companies: coronavirus, whether steps have been taken to (a) ensure compliance and (b) penalise non-compliance.

As confirmed at the Summer Economic Update, the government has announced support for one firm, Celsa Steel (UK) Ltd, to enable the company to continue trading. The details of that loan were announced on 2 July 2020 in the BEIS SoS WMS (HCWS332).

Any future companies will be considered on a case by case basis and will be expected to agree to appropriate conditions. As with any agreement, commercial and policy conditions are monitored using a variety of appropriate mechanisms.