Companies: Coronavirus

(asked on 2nd June 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to prioritise companies which support UK environmental and climate targets for financial support administered as part of COVID-19 support programmes.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 16th June 2020

The Coronavirus is the biggest threat this country has faced in decades. Alongside the focus on supporting the economy, the Government continues to take its environmental responsibilities very seriously.

The Government’s support for business includes paying workers’ wages through the furlough scheme, deferring tax payments, over [£27] billion of government-backed loans and [£18.9] billion of corporate financing through the Bank of England. We will assess the impacts of potential interventions against their contribution to our environmental goals, including our climate change and air quality targets.

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