Coronavirus Business Interruption Loan Scheme

(asked on 29th 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, what metrics he is using to measure the success of the Coronavirus Business Interruption Loan Scheme.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 11th May 2020

As of 6 May, in total over £5.5 billion worth of loans have been issued under the Coronavirus Business Interruption Loan Scheme (CBILS) to 33,812 businesses. Lenders have received 62,674 completed applications.

Since launch, the Government has received feedback on how the scheme has been working. We are closely monitoring the implementation and working with the financial services sector to ensure that companies receive the full benefits from the support being provided.

In order to assess how effectively the scheme is working, we are working with the British Business Bank, HM Treasury and lenders on regular and transparent data publication going forward.

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