Retail Businesses: Financial Support Debate
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Lord Stevenson of Balmacara
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Retail Businesses: Financial Support
Lord Stevenson of Balmacara Excerpts(4 years, 3 months ago)
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Lord Callanan (Con)
The noble Lord will be aware that, by 16 August, the Future Fund to help businesses had supported 590 investments with a total of £588 million.
Lord Stevenson of Balmacara (Lab) [V]
My Lords, a number of measures aimed at preventing company insolvencies, included in the recent Corporate Insolvency and Governance Act, expire at the end of this month. What plans do the Government have to extend those provisions? Can the Minister set out the new timetable?
Lord Callanan (Con)
The noble Lord makes a good point. We are urgently considering the need to extend these measures and will announce a decision shortly.