Heathrow Airport: Coronavirus

(asked on 28th April 2020) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what applications or approaches have been made for financial assistance relating to the COVID-19 pandemic by Heathrow Airport Ltd since 1 March.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 13th May 2020

The aviation sector is important to the UK economy and the government recognises the challenging times facing the sector as a result of COVID-19. The aviation sector will be able to draw upon the unprecedented package of measures announced by the Chancellor, including a Bank of England scheme for firms to raise capital, Time to Pay flexibilities with tax bills, financial support for employees and VAT deferrals. It would not be appropriate to comment in individual cases.

The Department is continuing to work closely with the sector and has been clear that if individual companies find themselves in trouble as a result of coronavirus and have exhausted the measures already available to them, including raising capital from existing investors, then we are prepared to enter discussions with individual companies seeking bespoke support as a last resort. However, any intervention would need to represent value for money for taxpayers.

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