PARLIAMENTARY WRITTEN QUESTION
Business: Coronavirus (11 November 2020)

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will increase the maximum permitted state aid limit of support that a business can receive under the Covid-19 Temporary Framework for UK Authorities.

Asked by:
James Wild (Conservative)

Under the Covid-19 Temporary Framework for UK Authorities aid of up to €800,000 can be awarded to businesses affected by the coronavirus outbreak.

On 20 October, UK authorities submitted a notification to the European Commission to take advantage of a new measure under the European Commission’s Temporary Framework. This new measure would enable greater support to companies facing a decline in turnover during the eligible period of at least 30% compared to the same period of 2019, due to the pandemic. The support will contribute to a part of the beneficiaries' fixed costs that are not covered by their revenues, up to maximum amount of €3 million per business.

The European Commission is currently considering the notification and will provide a response in due course.

Answered by:
Paul Scully (Conservative)
16 November 2020