Caravan Industry: Hull and East Riding

Part of the debate – in the House of Commons at 9:28 pm on 15th June 2020.

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Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 9:28 pm, 15th June 2020

The Chancellor has already announced the plans for the furlough scheme to come to an end in October, but we have designed all our interventions to wrap our arms around the economy and jobs. As we come out of this crisis, the interventions have to be reviewed, which is why the Chancellor reviewed the furlough scheme and why we review the other schemes—whether it is the coronavirus business interruption loan scheme, the coronavirus large business interruption loan scheme or the bounce-back loans scheme—to make sure that the recovery is as robust and dynamic as we can make it.

The Government have also provided extensive financial support to small and medium-sized enterprises through the bounce-back loans scheme that I just mentioned. More than 830,000 loans worth £35 billion have gone out of the door and into the bank accounts of the smallest businesses in our country. We have provided significant grant support to small businesses through the small business grant fund and the retail, hospitality and leisure grant fund. Since the launch of those grant schemes, more than £10 billion has been paid out to businesses throughout the country, and there is more to come. Small businesses across Hull and East Riding have to date benefited from nearly £180 million of grant investment.

On flexible furloughing, I am aware that the hon. Lady, together with her fellow Hull MPs, has written to the Chancellor, as she rightly highlighted in her speech. She is rightly pushing for a sector-focused approach to the job retention scheme; she will be aware that, as I have mentioned already, the Chancellor has extended the furlough scheme until the end of October and it is being made more flexible. From 1 July, employers will be able to bring back to work employees who have previously been furloughed for an amount of time, and on any shift pattern that they like, while still being able to claim the JRS grant for their normal hours not worked. After July, we will introduce more flexibility to the furlough scheme so that we move out of it in a measured and orderly way to protect people’s incomes.