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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to increase the number of lenders accredited to provide revolving finance and overdraft facilities under the Coronavirus Business Interruption Loan Scheme.

Accredited Coronavirus Business Interruption Loan Scheme (CBILS) lenders offer a wide range of business finance products including term loans, overdrafts, invoice finance and asset finance. The British Business Bank has put in place substantial additional resource to accredit new lenders to CBILS as quickly as possible, which will further widen the choice of finance options for smaller businesses.