To ask Her Majesty's Government whether the European Commission's Transparency Aid Module continues to apply to the UK; whether there are any restrictions under (1) the Transparency Aid Module, or (2) agreements with borrowers, which prohibit the immediate announcement of details of all facilities made available under the Coronavirus Business Interruption Loan Scheme; and if not, why they continue to withhold this information relating to individual borrowers.
27 April 2021
The requirement to publish certain information via the Commission’s Transparency Aid Module continues to apply with respect to aid granted prior to the end of the Transition Period, and in certain other limited circumstances set out in the Withdrawal Agreement.
Our priority is to ensure borrowers are given notice before information about their loans is shared with the European Commission and we are working with lenders and the British Business Bank to facilitate this. A rolling programme of reporting will then publish details of aid granted within the preceding 12 months where required.
Further information can be found on the British Business Bank’s website.