Oral Answers to Questions

Debate between Helen Morgan and Jackie Doyle-Price

Tuesday 25th October 2022 Commons Chamber

[Helen Morgan (North Shropshire) (LD)]

3. What support his Department plans to provide to businesses with increased energy costs after April 2023.

[The Minister for Industry (Jackie Doyle-Price)]

We will publish a review by the end of the year which will consider how best to offer further support to those most at risk due to energy price increases. The review will consider which groups of non-domestic customers remain particularly at risk to energy price rises; and how best to continue supporting those customers, either by extending the existing scheme for some users, or by replacing it with a different one.

[Helen Morgan]

The Horse & Jockey pub in Northwood in my constituency closed before the Government’s assistance package was announced. It is one of many businesses that will not continue beyond April. Many others that have managed to remain open are struggling to secure bank facilities and to reassure suppliers and customers, because they need certainty to be able thrive. I would like to hear from the Minister what the Government are going to do to provide some certainty for these critical businesses beyond the winter period.

[Jackie Doyle-Price]

The hon. Lady is absolutely right—businesses deserve certainty, and we will give that to them as soon as we can, and well before the end of the scheme. It is important that we make sure, because this is a very expensive scheme for taxpayers, that we give that support where it is needed, at best value for the taxpayer. That means that we need to target it at those businesses that are at most risk of being damaged. I hope that that gives the hon. Lady some reassurance in the meantime—we are determined to give some advice before the end of the year.