To ask Her Majesty's Government how many loans under the (1) Bounce Back Loan Scheme, and (2) Coronavirus Business Interruption Loan Scheme, have had government guarantees removed; how many Coronavirus Business Interruption Loan Scheme accredited lenders have been involved in making such loans; what is the number and value of loans under the Coronavirus Business Interruption Loan Scheme that fell outside delegated authority; how many accredited lenders were involved; and whether they will publish the names of such lenders.
27 April 2021
All accredited lenders are subject to audit by the British Business Bank (the 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.