Retail Businesses: Financial Support Debate
Full Debate: Read Full DebateBaroness Warsi
Main Page: Baroness Warsi (Conservative - Life peer)Department Debates - View all Baroness Warsi's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 11 months ago)
Lords ChamberI thank the noble Lord for his support for our £500 payments. I hope that that will be sufficient at the moment but, as with all these schemes, we will keep it under review.
My Lords, I welcome the changes in July which now enable more struggling businesses to access the Government-backed CBILS loans. Have the Government, in the run-up to Brexit, engaged with UK businesses for whom EU public or private sector contracts are their only, or main, form of business? I have raised this question with my noble friend before, but I am increasingly concerned as we approach deadlines.
I know that my noble friend is concerned about this matter and she is right to raise it. We will continue to engage with the business sector to find out what we can do to help those who are increasingly reliant on EU contracts.