Task force to support Carillion-hit firms

"I am determined that collectively we will take the steps necessary to give workers and businesses the information they need at this hard time".

A government task force has also been set up to "monitor and advise on mitigating the impacts of Carillion's liquidation on construction firms".

The spokesman said that Aramark would immediately take over the services that Carillion could no longer provide and that there would be no interruption in services.

Business Secretary Greg Clark is due to chair its first meeting later today.

Afterwards, he said United Kingdom lenders were ready to give "tailored support" and flexibility when it came to repayments.

"By supporting our small business customers during this hard time, we hope we can help as many businesses as possible to get back on an even keel as quickly as possible".

Perennial to support landscapers and horticulturists affected by Carillion collapse

United Kingdom banks and the Government are working closely to make sure the impact of the Carillion liquidation on SMEs in the supply chain is understood and managed in a way that best supports those in need of assistance.

"We want those other private sector companies to take on those workers".

A spokeswoman for the company said it was "too early to say" whether Nationwide would look to outsource the jobs again in the future.

"We therefore welcome UK Finance's announcement late this afternoon that lenders are putting in place emergency measures, including overdraft extensions, payment holidays and fee waivers, to ensure those facing issues relating to Carillion's liquidation can stay on track".

It held about 450 governmental contracts, spanning the education, justice, defence and transport ministries.

Its failure means the government will have to provide funding to maintain the public services run by Carillion.

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  • Rita Burton