We have been in regular conversations with ministers during the COVID-19 outbreak, most recently regarding funding for UK aluminium. We asked the Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma, to make straightforward changes to these schemes so aluminium businesses don’t slip through the cracks.
You may have seen that in response to industry feedback, including from ALFED and its members, on 16 April the Government announced revised rules for companies accessing the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These revisions broaden the scope to enable companies with turnover in excess of £250 million to access loans of up to £50 million.
ALFED’s work with the UK Government continues to ensure the aluminium sector and its members are engaged with government departments, such as BEIS, regarding the COVID-19 outbreak.