Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Department for Levelling Up, Housing & Communities
Bob Blackman
Main Page: Bob Blackman (Conservative - Harrow East)Department Debates - View all Bob Blackman's debates with the Department for Levelling Up, Housing & Communities
Greensill Capital
Bob Blackman Excerpts(3 years ago)
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Paul Scully
The review will look to see exactly what happened in this situation. Nigel Boardman will do his work, which will report back at the end of June, and all the parties involved have committed to make sure that all the information is available.
Bob Blackman (Harrow East) (Con) [V]
Clearly, at the beginning, when the pandemic first struck, it was vital that we as a Government moved very swiftly to ensure the protection of small and medium-sized enterprises. Does my hon. Friend agree that it was right that the Treasury listened and gave consideration to all the potential options to support businesses to survive the pandemic given the extraordinary and unprecedented challenges facing UK SMEs last spring?
Paul Scully
My hon. Friend is absolutely right. The scheme that we are being asked about today for large businesses protects many jobs in those companies, but it is right that we also looked at a diversity of lenders and of approaches to cover small businesses, as they do not always have the resilience and capacity of those larger businesses to survive and respond in these tough times.