Aviation: Government Assistance

Department for Transport written question – answered on 28th September 2020.

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Photo of Seema Malhotra Seema Malhotra Shadow Minister (Work and Pensions) (Employment)

To ask the Secretary of State for Transport, what recent discussions he has had with the Chancellor of the Exchequer on targeted support for the aviation sector and its supply chain.

Photo of Robert Courts Robert Courts Parliamentary Under-Secretary (Department for Transport)

The aviation sector is crucial to the UK’s economy and businesses across the industry are able to draw on the unprecedented package of economic measures we have put in place during this time. This includes a Bank of England scheme for firms to raise capital, two business interruption loan guarantee schemes for different sizes of business, Time to Pay flexibilities with tax bills, financial support for employees and VAT deferrals.

In exceptional circumstances, where a viable company has exhausted all options and its failure would disproportionately harm the economy, the Chancellor has made clear that the Government may consider bespoke support on a ‘last resort’ basis.

The Department for Transport is in close contact with the travel sector, ensuring that the Government is kept fully aware of the latest developments with all firms and to understand where additional policy measures may address specific industry issues.

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