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PARLIAMENTARY WRITTEN QUESTION
Companies: Coronavirus (10 June 2020)

Question Asked

To ask the Chancellor of the Exchequer, how many companies registered under each Standard Industrial Classification Code (a) applied for and (b) been awarded support through the (a) Coronavirus Job Retention Scheme, (b) Small Business Grant Fund, (c) Self-Employment Income Support Scheme, (d) Coronavirus Business Interruption Loan Scheme, (e) Future Fund, (f) Bounce Back Loan and (g) Large Business Interruption Loan scheme; and what the amount of each of those awards was.

Asked by:
Ed Davey (Liberal Democrat)

Answer

The four government backed loan schemes have seen over £40bn lent to hundreds of thousands of businesses, whilst, as of midnight 7th June, 8.9 million jobs had been furloughed through the Coronavirus Job Retention Scheme (CJRS), with a total of £19.6bn claimed, and 2.6 million claims had been made through the Self Employment Income Support Scheme (SEISS), with a total value of £7.5 bn. The VAT deferral is worth over £30 billion or 1.5% of GDP with £22.4bn deferred by 251,000 businesses so far.

The Government has published aggregate application and approval figures on the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS) since 12 May but does not hold specific breakdown information relating to collective sectors or organisations which have accessed these schemes, including under the Standard Classification for Economic Activities (SIC). The Government is actively considering what further data can be made available in the future.

HMRC published Official Statistics for the CJRS and the SEISS, including a breakdown of sectoral recipients, on 11 June. These can be accessed at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/891249/Coronavirus_Job_Retention_Scheme_Statistics_June_2020.pdf and https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/891603/SEISS_Official_Statistics_June_2020.pdf.


Answered by:
Mrs Kemi Badenoch (Conservative)
15 June 2020

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.