Coronavirus Business Interruption Loan Scheme: Sheep Farmers

(asked on 24th June 2020) - View Source

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

To ask Her Majesty's Government why British Wool was not considered to be appropriately established as an organisation to qualify for support under the Coronavirus Business Interruption Loan Scheme; what assessment they have made of the impact of this decision on sheep farmers generally; and what discussions they have had with the Welsh Government about the impact of this decision on the Welsh economy.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 6th July 2020

Decision-making on whether a business is eligible to access the Coronavirus Business Interruption Loan Scheme (CBILS) is fully delegated to the accredited lenders for the scheme, and individual lending decisions remain at the discretion of these accredited lenders. Information on eligibility criteria for the CBILS can be found on the British Business Bank’s website.

Businesses from most sectors can apply for the full amount of the facility under the CBILS. The scheme is demand-led and take up by a particular sector, or in a particular region, will depend upon application rates and the assessment of those applications by lenders. The schemes are accessible across the UK and lenders have been accredited across the UK’s nations and regions.

The Coronavirus Business Interruption Loan Scheme is part of a comprehensive package of support for businesses, including the Coronavirus Job Retention Scheme, deferral of VAT and income tax payments, grant funding for small businesses, and more. Regular calls are held between UK Government Ministers and Ministers in the Devolved Administrations on the Covid-19 pandemic and economic impacts and responses.

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