Companies: Coronavirus

Treasury written question – answered on 16th June 2020.

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Photo of Baroness Jones of Moulsecoomb Baroness Jones of Moulsecoomb Green

To ask Her Majesty's Government what plans they have to prioritise companies which support UK environmental and climate targets for financial support administered as part of COVID-19 support programmes.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

The Coronavirus is the biggest threat this country has faced in decades. Alongside the focus on supporting the economy, the Government continues to take its environmental responsibilities very seriously.

The Government’s support for business includes paying workers’ wages through the furlough scheme, deferring tax payments, over [£27] billion of government-backed loans and [£18.9] billion of corporate financing through the Bank of England. We will assess the impacts of potential interventions against their contribution to our environmental goals, including our climate change and air quality targets.

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