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Greensill: Coronavirus Business Interruption Loan Scheme

Question for Department for Business, Energy and Industrial Strategy

UIN HL14881, tabled on 13 April 2021

To ask Her Majesty's Government how much they have paid or are obliged to pay Greensill Capital in year one interest payments made under the Coronavirus Business Interruption Loan Scheme; what percentage by number and value of such loans extended by Greensill Capital involve higher interest rates than from the average of lenders; and what is the number and value of loans where the interest rate exceeded 14.9 per cent.

Answered on

27 April 2021

Recipients of any Coronavirus Business Interruption Loan Scheme (CBILS) loans made by any lender are entitled to apply for business interruption payments from the Government which cover the interest and any lender-levied fees in the first 12 months of any CBILS facility.

We are unable to provide of a breakdown of CBILS data by lender as this is commercially sensitive. However, data on individual loans will be published, where required on the European Commission’s Transparency Aid Module, in due course.

Answered by

Department for Business, Energy and Industrial Strategy