Retail Businesses: Financial Support Debate
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Baroness Warsi
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Retail Businesses: Financial Support
Baroness Warsi Excerpts(4 years, 3 months ago)
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Lord Callanan (Con)
I 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.
Baroness Warsi (Con) [V]
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.
Lord Callanan (Con)
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.