Financial Advice in relation to Government Support to the UK Aviation Sector

Tender description

Due to the COVID-19 virus outbreak, there has been a very significant detrimental impact on the aviation sector, both globally and within the UK. This has led to the deteriorating financial position of many entities in the UK aviation market. The Government has already made available support in the form of an unprecedented package of economic measures, including support through loan guarantees, support for exporters, and financial support for employees. Through delivery of the project, the Government is refreshing and deepening its understanding and knowledge of the financial positions of entities in the aviation sector and developing a stronger evidence base in making both short- and long-term decisions. Any detailed formal discussions and negotiations with companies seeking financial support will likely require dedicated financial advisor support which would be procured separately and additionally to this overarching contract. Lot 1: Due to the COVID-19 virus outbreak, there has been a very significant detrimental impact on the aviation sector, both globally and within the UK. This has led to the deteriorating financial position of many entities in the UK aviation market. The Government has already made available support in the form of an unprecedented package of economic measures, including support through loan guarantees, support for exporters, and financial support for employees. Through delivery of the project, the Government is refreshing and deepening its understanding and knowledge of the financial positions of entities in the aviation sector and developing a stronger evidence base in making both short- and long-term decisions. Any detailed formal discussions and negotiations with companies seeking financial support will likely require dedicated financial advisor support which would be procured separately and additionally to this overarching contract.