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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answers of 30 June 2020 to Questions 64970 and 64971 on Coronavirus Business Interruption Loan Scheme (CBILS), whether interest rates of Coronavirus Business Interruption Loan Scheme loans are required to remain in line with the lender’s normal pricing framework after the initial 12 month period of the loan.

The accreditation agreement for CBILS lenders makes clear that the interest rate at which the?lender is prepared to lend at, and any associated fees, should be based on a?lender’s normal pricing framework throughout the duration of the facility, taking into account the benefits and costs of the guarantee.