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Greensill: Coronavirus Business Interruption Loan Scheme

Question for Department for Business, Energy and Industrial Strategy

UIN HL14880, tabled on 13 April 2021

To ask Her Majesty's Government how they assessed the capacity of Greensill Capital to absorb its share of Coronavirus Business Interruption Loan losses alongside the government's guarantee.

Answered on

27 April 2021

At the point of accreditation and based on the information provided, the British Business Bank considered that Greensill Capital UK met the criteria set out in the Coronavirus Business Interruption Loan Scheme (CBILS) Request for Proposals.

The criteria by which decisions were made, were set out in the CBILS Request for Proposals, as a publicly available document. Among the minimum requirements for accreditation was the ability of a lender to demonstrate that it had sufficient capital available to meet its lending forecasts.

Answered by

Department for Business, Energy and Industrial Strategy