Question to the HM Treasury:

To ask Her Majesty's Government what criteria will be used to assess whether a business seeking funding under the Covid Corporate Financing Facility qualifies as making "a material contribution to the UK economy".

In practice, firms that meet this requirement would normally be: UK incorporated companies, including those with foreign-incorporated parents and with a genuine business in the UK; companies with significant employment in the UK; firms with their headquarters in the UK. We also consider whether the company generates significant revenues in the UK, serves a large number of customers in the UK or has a number of operating sites in the UK. These criteria are set out in the Facility’s pages on the Bank of England website.