Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department's plans to publish more comprehensive Coronavirus Business Interruption Loan Scheme data will include an analysis of the most prevalent reasons for businesses' applications to that scheme being rejected.
In order to minimise administrative burden and therefore facilitate the issuing of as many loans as possible, the British Business Bank’s system only gathers data from lenders when loans are offered and drawn. Decisions on whether to capture information relating to rejected loans are at the discretion of the lender.
The Government continues to work with the British Business Bank, and the lenders on providing transparent and regular data publication going forward.