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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many applications have been made to the Coronavirus Business Interruption Loan Scheme; how many of those applications have been successful; and how much money has been allocated to successful applicants, as of 1 May 2020.

As of 1 May 2020 over £4.7 billion worth of loans had been issued under the Coronavirus Business Interruption Loan Scheme (CBILS) to 29,496 businesses.

As of 6 May 2020 over £5.5 billion worth of loans had been issued under the Coronavirus Business Interruption Loan Scheme (CBILS) to 33,812 businesses. Lenders have received 62,674 completed applications. The balance includes applications pending as well as those unsuccessful or abandoned.