Oral QuestionTreasury

“If he will make a statement on his departmental responsibilities.”

Tabled: 9 September 2020Answered: 15 September 2020

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)

All Jaguar Land Rover’s UK factories have restarted and the company is offering a financing scheme to qualifying suppliers. UK Export Finance has also provided a partial guarantee for a £1.5 billion loan from commercial lenders to help JLR manage its businesses and pay its suppliers. I am grateful for my hon. Friend’s continued advocacy for the Jaguar Land Rover supply chain, in particular small businesses in the Burnley constituency. I understand that small businesses are now receiving support through the scheme, although more work needs to be done.