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Written Question
Greensill: Coronavirus Large Business Interruption Loan Scheme
Tuesday 30th March 2021

Asked by: Pat McFadden (Labour - Wolverhampton South East)

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will list the amount and recipient of each loan made by Greensill Capital under the Coronavirus Large Business Interruption Loan Scheme.

Answered by Paul Scully

Details of facilities made available under the Coronavirus Large Business Interruption Loan Scheme will be published where required via the European Commission’s Transparency Aid Module.

Written Question
Greensill: Coronavirus Large Business Interruption Loan Scheme
Tuesday 30th March 2021

Asked by: Pat McFadden (Labour - Wolverhampton South East)

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether Greensill Capital is still an accredited lender under the Coronavirus Large Business Interruption Loan Scheme; and if he will make a statement.

Answered by Paul Scully

While the British Business Bank looks into Greensill’s position, it is not able to originate new lending that benefits from a Government guarantee.

Written Question
Greensill: Coronavirus Large Business Interruption Loan Scheme
Tuesday 30th March 2021

Asked by: Pat McFadden (Labour - Wolverhampton South East)

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, when Greensill Capital became an accredited lender under the Coronavirus Large Business Interruption Loan Scheme; and if he will make a statement.

Answered by Paul Scully

Greensill Capital was approved by the British Business Bank in June last year to provide finance through the Coronavirus Large Business Interruption Loan Scheme.

Speech in Commons Chamber - Thu 12 Mar 2020
Budget Resolutions

"Before my right hon. Friend moves on from his point about a co-ordinated international response, one of the things put in place at that time, about which there has been a lack of discussion this time, is what to do for those countries that have very basic healthcare systems. This …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Thu 12 Mar 2020
Budget Resolutions

"It is a pleasure to follow the hon. Member for West Worcestershire (Harriett Baldwin).

This Budget is the Government’s attempt to make a turn in the road. Gone are the logic, the rhetoric and the assumptions that have driven UK spending policy for the past decade. If nothing else, it …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: Budget Resolutions
Speech in Commons Chamber - Tue 03 Mar 2020
Oral Answers to Questions

"One of the UK’s great industrial success stories in recent decades has been the automotive industry. What discussions does the Secretary of State plan to have with the industry to help ensure that the UK is best placed to make the transition from internal combustion engines to electric vehicles?..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Wed 24 Jul 2019
British Steel

"I echo the comments of my hon. Friend the Member for Redcar (Anna Turley) in thanking the Secretary of State for his approach to the industry in general and this issue in particular. He has reminded us today and on previous occasions that we cannot just turn on and off …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: British Steel
Speech in Commons Chamber - Wed 22 May 2019
British Steel

"I am grateful to the Secretary of State for his approach in recent weeks and for his statement today. I thank him for his comments about the difficulty of turning off steel mills like a tap, because they cannot be turned off and on like that. We are all grateful …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: British Steel
Speech in Commons Chamber - Thu 12 Jul 2018
Carillion

"I shall endeavour to be brief, Madam Deputy Speaker, as many of the points about the collapse of Carillion have already been made by my hon. Friend the Member for Leeds West (Rachel Reeves) and the hon. Member for Harwich and North Essex (Sir Bernard Jenkin).

Carillion’s headquarters was in …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: Carillion
Speech in Commons Chamber - Thu 12 Jul 2018
Carillion

"That is a very good question and is exactly the kind of thing that Ministers had to look at when considering this request. In letting the company go under, the Cabinet Office realised that the taxpayer was still on the hook, because at the moment that it decided to say …..."
Pat McFadden - View Speech

View all Pat McFadden (Lab - Wolverhampton South East) contributions to the debate on: Carillion