Question to the Department for Transport:
To ask the Secretary of State for Transport, what plans his Department has to support the travel industry.
The Government recognises the challenging circumstances businesses in the travel industry face as a result of Covid-19. Firms, across the economy, that are experiencing difficulties have been able to draw upon the unprecedented package of measures announced by the Chancellor. This includes support through loan guarantees, the Bank of England’s Covid Corporate Financing Facility and the Coronavirus Job Retention Scheme. We estimate that the air transport sector (airlines, airports and related services) will have benefitted from around £7bn of government support since the start of the pandemic.
The extension of Government-backed loans and furlough payments announced at the Budget build on the support package available and will help ensure this vital and vibrant part of the UK economy is ready to bounce back in the wake of the pandemic.
We continue to take a flexible approach and keep all impacts and policies under review.