IPAF members might qualify for government help after Carillion collapse

Carillion Offices in the UK

Members of the International Powered Access Federation (IPAF) could benefit from low and zero-interest loans to ease cashflow, following an announcement that the Government-backed British Business Bank is to offer lending support to any companies affected by the collapse of UK construction and infrastructure contractor Carillion.

Among other measures the Government announced recently that the Business Bank would offer loans to companies in the supply chain suffering losses or cashflow problems after Carillon went into liquidation last month. There are believed to be around 11,500 facilities management and construction firms in Carillion’s direct supply chain, including numerous subcontractors across the powered access sector.

Richard Whiting, IPAF’s UK General Market Manager, comments: “The Carillion Taskforce has so far received updates from the DWP, PWC, DfT, Network Rail and Highways England. The British Business Bank is offering loans at preferential rates to any company directly affected by the collapse of Carillion, and we want to make IPAF members aware of this facility if they are suffering related cashflow concerns.

“IPAF continues to work closely with Build UK, of which IPAF is a member, to ensure our members have all the latest information about the Carillion situation and we will continue to update members throughout the process. IPAF offers business support and guidance to its members and we urge anyone with questions or concerns to get in touch if they require specific advice or assistance.”

IPAF members affected by the collapse of Carillion and the knock-on effects on the supply chain can get in touch with their bank if they are having cashflow issues. The UK Government has issued a fact sheet, which can be viewed or downloaded here.

Other news you might be interested in

  • Around 300 industry professionals gathered on 8 March 2018 in Miami, USA, to honour the winners of the International Awards for Powered Access (IAPAs). Jointly organised by Access International and IPAF, the IAPAs celebrate best practice and excellence in the powered access industry.

    Those assembled at the Hilton Miami Downtown were also the first to learn that the next edition of the awards ceremony will be held in Dubai, UAE.

  • The International Powered Access Federation (IPAF) has experienced another year of global growth, seeing membership rise by 6.6% year-on-year, a 7.8% increase in turnover and global training delivery up by around 4%, according to the Annual Report 2017, published today in eight languages including for the first time in Chinese.

  • Places are filling up fast at for the International Powered Access Federation (IPAF) Summit and the International Awards for Powered Access (IAPAs) celebration dinner, to be held at the Hilton Miami Downtown in Florida, USA, on 8 March 2018. The theme for the Summit is “Quantifying Sustainability”.