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Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme

Question for Department for Business, Energy and Industrial Strategy

UIN 174731, tabled on 24 March 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many lenders have had their Government guarantee on loans made under the (a) Coronavirus Large Business Interruption Loan Scheme and (b) Coronavirus Business Interruption Loan Scheme removed; and what the reasons are for that removal.

Answered on

13 April 2021

All accredited lenders are subject to audit by the British Business Bank to ensure their compliance with scheme rules. If serious non-compliance is identified, the Bank is entitled to take remedial action. Such action might include termination of the Guarantee Agreement, or withdrawal of the Guarantee.

It would not be appropriate to comment on individual cases given commercial sensitivities.

Answered by

Department for Business, Energy and Industrial Strategy
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.