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

To ask Her Majesty's Government what is the (1) value, and (2) number, of Coronavirus Large Business Interruption Loans made through Greensill Capital or its subsidiaries and associates; what is the (a) value, and (b) number, which were at annual interest rates of 14.9 per cent or higher; and what the reasons are for Greensill having now been withdrawn from the list of government approved lenders.

Greensill Capital were approved by the British Business Bank (the Bank) in June last year to provide finance through the Coronavirus Large Business Interruption Loan Scheme (CLBILS). All accredited lenders are subject to audit by the Bank to ensure their compliance with scheme rules. If serious non-compliance is identified, the Bank is entitled to take remedial action. Such action might include termination of the Guarantee Agreement or withdrawal of the Guarantee. It would not be appropriate to comment on individual cases given commercial sensitivities.

We are unable to provide of a breakdown of CLBILS data by lender as this is commercially sensitive.