Question to the Department for Transport:
To ask the Secretary of State for Transport, what steps he is taking to support small travel businesses which have lost business due to the covid-19 pandemic.
The Government recognises the challenges businesses in the travel industry face as a result of Covid-19. Firms, across all sectors, 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.
The extension of Government-backed loans and furlough payments announced at the Budget build on the support package available and help ensure the travel industry, a vital part of the UK economy, is ready to bounce back in the wake of the pandemic.