Thomas Cook: Insolvency

Department for Business, Energy and Industrial Strategy written question – answered on 21st October 2019.

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Photo of Lisa Forbes Lisa Forbes Labour, Peterborough

To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will provide former employees of Thomas Cook with (a) retraining opportunities and (b) loans to start new businesses.

Photo of Kelly Tolhurst Kelly Tolhurst Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Business Secretary has convened a special cross-government taskforce alongside local stakeholders to support employees, local stakeholders and supply chains. The taskforce is considering existing support schemes available and will also monitor local business impacts.

The Rapid Response Service is already helping people find a new job as soon as possible by offering tailored support. This includes training to update skills, learn new ones and gain industry recognised certification that will improve employability.

The Business Board of the Cambridgeshire and Peterborough Combined Authority, in partnership with Peterborough City Council, has developed a package of support for those affected locally which includes a dedicated advice service. This will support former employees with re-employment or with advice on starting a business of their own, and support businesses in a position to take on redundant employees. It will also provide advice and funding for businesses affected in the supply chain.

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