Kevin Hollinrake
Main Page: Kevin Hollinrake (Conservative - Thirsk and Malton)Department Debates - View all Kevin Hollinrake's debates with the HM Treasury
(4 years, 2 months ago)
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Steve Barclay
I draw the hon. Gentleman’s attention to the future fund, which has provided additional support. On the timing of the furlough extension, I refer him to the answer I gave earlier. Those who have lost their jobs recently could come back through the furlough extension. Those employees employed as of 23 September—the day of the job support scheme announcement—and notified to HMRC by real-time information on or before that date who have since been made redundant can be rehired.
Kevin Hollinrake (Thirsk and Malton) (Con)
I draw the House’s attention to my entry in the Register of Members’ Financial Interests.
I welcome the extension to the coronavirus loan schemes and the ability to top up bounce back loans. Can my right hon. Friend confirm that that ability to top up loans also applies to the coronavirus business interruption loan scheme? Will he also look at bounce back loans for customers of non-bank lenders? According to research by the all-party parliamentary group on fair business banking, which I chair, around 250,000 businesses currently bank with non-bank lenders who do not have access to these schemes because they do not get access to the Bank of England term funding scheme. Will he look at that problem?
Steve Barclay
I can probably go one better than looking at it myself, because the Economic Secretary to the Treasury, who leads on these matters in the Treasury, will have heard my hon. Friend’s representations and will do so. I know that he is looking at the issue of the coronavirus business interruption loan scheme specifically. On my hon. Friend’s second point, I think that there are 28 creditors, but I know that my hon. Friend the Economic Secretary to the Treasury will follow up with him.