Aviation: Coronavirus

(asked on 4th September 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the effectiveness of the Government's financial support for the aviation industry during the covid-19 outbreak.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
Minister of State (Foreign, Commonwealth and Development Office) (jointly with Department for Levelling Up, Housing and Communities)
This question was answered on 14th September 2020

The Government recognises the challenging times facing the aviation industry as a result of COVID-19. Firms experiencing difficulties as a result of COVID-19 can draw upon the unprecedented package of measures announced by the Chancellor, including schemes to raise capital, flexibilities with tax bills, and financial support for employees. The aerospace sector and its aviation customers are being supported with over £8.5 billion support through the Bank of England’s Covid Corporate Financing Facility, grants for research and development, loan guarantees and support for aerospace exports.

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4. Oral Answers to Questions
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