Response from Sir Peter Bottomley
Some constituents have contacted me with concerns about Carillion.
Throughout this unfolding situation with Carillion the Government has prioritised the continued delivery of public services. Ministers have begun to implement the contingency plans drawn up by departments, local authorities and other public bodies since July 2017.
I am pleased that there has been no significant disruption to service delivery in schools, hospitals, prisons, defence and other public services. A number of Carillion's partners have already committed to taking over public sector contracts to ensure continuity of these vital services. Public sector construction sites have been secured and construction will begin following the appointment of a new contractor.
Following meetings with the Business Department the UK's leading banks have made public commitments to SMEs in Carillion's supply chain and have made a fund of nearly £1 billion of support available. The British Business Bank has also made available support of up to £100 million of lending to small businesses who may not have the security otherwise needed for conventional bank lending.
HM Revenue and Customs is providing practical and sympathetic advice on the best way forward to affected businesses in Carillion's supply chain through its Business Payment Support Service (BPSS) and supporting affected families with cash support through the tax credit system. Details can be found HERE
I know this is a difficult and worrying time. In relation to support for individual employees or self-employed subcontractors, UK Finance has confirmed there will be support for personal banking customers concerned about overdraft, mortgage or credit card repayments, as well as further financial support for small businesses to provide short-term relief.
Thank you again for taking the time to contact me.