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Greensill

Question for Department for Business, Energy and Industrial Strategy

UIN HL14797, tabled on 12 April 2021

To ask Her Majesty's Government whether the British Business Bank had any communication with the Rt Hon David Cameron on the decision to accredit Greensill Capital as a Coronavirus Business Interruption Loan Scheme lender; what form any communication took; whether Mr Cameron was mentioned in Grensill Capital's (1) formal application, or (2) oral discussion, around their application; and whether the British Business Bank consulted (a) Her Majesty's Treasury, (b) the Financial Conduct Authority, or (c) the Prudential Regulation Authority, on the decision to grant lender status.

Answered on

26 April 2021

From our records, there is no indication that David Cameron approached the British Business Bank on behalf of Greensill Capital, and we are not aware of any such approach being made.

We cannot comment on the content of lenders’ applications to the Coronavirus Large Business Interruption Loan Scheme or Coronavirus Business Interruption Loan Scheme schemes as they are commercially sensitive.

None of HM Treasury, BEIS, the Financial Conduct Authority or the Prudential Regulation Authority had a role in the British Business Bank’s decision to accredit Greensill Capital.

Answered by

Department for Business, Energy and Industrial Strategy