Aviation: Coronavirus

(asked on 1st March 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has met with representatives from the aviation industry to assess what financial support they need to survive the covid-19 outbreak.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 9th March 2021

The Chancellor speaks to industry representatives on a regular basis about a range of matters, including support for the aviation industry.

The Government recognises the challenging circumstances facing the aviation industry as a result of Covid-19 and firms experiencing difficulties can draw upon the unprecedented package of measures announced by the Chancellor, including schemes to raise capital and flexibilities with tax bills. In addition to economy-wide measures such as the Coronavirus Job Retention Scheme, the aerospace sector and its aviation customers are being supported with almost £11 billion made available through loan guarantees, support for exporters, the Bank of England’s Covid Corporate Financing Facility and grants for research and development. This includes £8bn of guarantees provided by UK Export Finance.

In addition, the renewed Airport and Ground Operations Support Scheme that the Chancellor announced in his Budget will provide support for eligible businesses with their fixed costs for a further six months, up to the equivalent of their business rates liabilities for the first half of the 2021-22 financial year, subject to certain conditions and a cap per claimant of £4m.

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