PARLIAMENTARY WRITTEN QUESTION
Government Assistance: Coronavirus (30 October 2020)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the (a) Coronavirus Business Interruption Loan Scheme, (b) Coronavirus Large Business Interruption Loan Scheme, (c) Bounce Back Loan Scheme and (d) Future Fund were each (i) notified to the European Commission under the State Aid Temporary Framework of 19 March 2020 and (ii) designed under the General Block Exemption Regulation.

Asked by:
Darren Jones (Labour)

The Coronavirus Business Interruption Loan Scheme was approved on 25 March 2020 by the European Commission under the EU State aid Temporary Framework. The Coronavirus Large Business Interruption Loan Scheme, and the Bounce Back Loan Scheme fall under the UK’s ‘umbrella’ Covid-19 Temporary Framework for UK authorities which was approved by the Commission on 6 April 2020 under the EU State aid Temporary Framework.

They are not designed under the General Block Exemption Regulation.

The Future Fund is provided under the Market Economy Operator Principle and does not involve providing state aid to eligible companies.

Answered by:
Paul Scully (Conservative)
11 November 2020