Coronavirus Business Interruption Loan Scheme: Arts

(asked on 20th April 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many businesses in the (a) creative and (b) music sectors have received support under the Coronavirus Business Interruption Loans Scheme to date.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 28th April 2020

As of 21 April, over £2.8bn worth of loans have been issued under the Coronavirus Business Interruption Loan Scheme, to over 16,600 businesses. At this time we cannot provide a breakdown of funding by sector, as we have given lenders a temporary dispensation from uploading their data to the British Business Bank’s system in order to let them focus on issuing new loans. This is a pragmatic step that reflects the urgency of getting loans issued. We are working with the British Business Bank, HM Treasury and lenders on regular and transparent data publication going forward.

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