Asked by: Holly Mumby-Croft (Conservative - Scunthorpe)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure that small businesses whose otherwise viable credit rating has been impacted by the covid-19 outbreak will be eligible to receive funding under the Government's Bounce Back Loan scheme.
Answered by Paul Scully
Almost all viable UK-based businesses are eligible to apply for a loan under the Bounce Back Loan Scheme (BBLS). You can apply for a loan if your business
- is based in the UK;
- was established before 1 March 2020;
- has been adversely affected by coronavirus.
There are no current plans to change the eligibility data, further details of which can be found on the British Business Bank website.
Decision-making on whether a business is eligible to access the BBLS is fully delegated to the accredited lenders for the scheme, and individual lending decisions remain at the discretion of these accredited lenders.
Asked by: Holly Mumby-Croft (Conservative - Scunthorpe)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to bring forward legislative proposals to introduce statutory (a) pay and (b) leave for parents of babies in neonatal care in the Employment Bill; and what the timeframe is for the introduction of that Bill.
Answered by Paul Scully
The Government is committed to introducing a new entitlement to Neonatal Leave and Pay for parents of babies who are admitted to neonatal care. In March this year we set out how we will take this forward in our response to a public consultation on the issue. We will legislate to implement this entitlement as part of the Employment Bill, which we will bring it forward in due course.