Covid-19: Support for Businesses

Part of Business, Energy and Industrial Strategy – in the House of Commons on 16th June 2020.

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Photo of Alok Sharma Alok Sharma The Secretary of State for Business, Energy and Industrial Strategy

I do welcome the constructive tone in which we have approached our exchanges over the past few weeks, but what I would just say to the right hon. Gentleman is that if he looks at the sum total of what this Government are providing, he will find that it is significant and incredibly favourable when compared with international comparators. On loans, as he knows, we have increased the coronavirus business interruption loan scheme to allow up to £200 million to be made available, and we will continue to support businesses. He will also know that in certain cases we do have individual discussions going on with businesses.