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Manufacturing Industries: Government Assistance

Question for Department for Business, Energy and Industrial Strategy

UIN 284375, tabled on 2 September 2019

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether her Department plans to provide cash flow support to manufacturers in the event of the UK leaving the EU without a deal.

Answered on

9 September 2019

The Government has been clear that should the UK leave the EU without a deal, we would support businesses through whatever appropriate action is necessary.

Programmes operated by the Government owned British Business Bank are currently supporting more than £6.6 billion of finance to over 89,000 SMEs.

In particular, the Enterprise Finance Guarantee (EFG) facilitates business finance to smaller businesses that are viable but unable to obtain finance from their lender due to having insufficient security to meet the lender’s normal requirements.