Small Businesses: Coronavirus

(asked on 30th October 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 12 October 2020 to Question 100352 on Small Businesses: Coronavirus, if he will take account of the European Commission’s revised framework allowing for an additional provision of €3m funding for businesses materially impacted by the covid-19 outbreak and notify local authorities of that increased provision immediately.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 4th November 2020

On October 13 2020 the European Commission announced a further amendment to its State aid Framework - introducing a new measure to enable greater support to be provided to companies facing a decline in turnover during the eligible period of at least 30% compared to the same period of 2019 due to the coronavirus outbreak.

The UK has notified the European Commission of its intention to take up this new provision and must await approval to do so.

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