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1193297

registered interest
date	05/05/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many businesses have had a Coronavirus Business Interruption Loan application (1) approved, and (2) rejected.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL3838
answer	answer is ministerial correction date of answer 19/05/2020 answer text <p>As of 6 May, in total over £5.5 billion worth of loans have been issued under the Coronavirus Business Interruption Loan Scheme (CBILS) to 33,812 businesses. Lenders have received 62,674 completed applications.</p><p> </p><p>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.</p><p> </p><p>We are working with the British Business Bank, HM Treasury and the lenders on providing transparent and regular data publication going forward.</p><p> </p> answering member printed Lord Callanan question first answered 19/05/2020 12:54:01 answering member 4336 label Biography information for Lord Callanan
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1193298

registered interest
date	05/05/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what discussions they have had with the British Business Bank about the operation of the Coronavirus Business Interruption Loan Scheme.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL3839
answer	answer is ministerial correction date of answer 20/05/2020 answer text <p>This Department continues to work closely with the British Business Bank on the design and implementation of the CBILS loan schemes. This includes discussions on monitoring the take-up of the loans across the UK. My Rt. Hon. Friend the Secretary of State for Business, Energy and Industrial Strategy keeps in regular contact with each of the biggest CBILS lenders to monitor implementation to ensure that companies receive the full benefits of the support being provided.</p><p> </p><p>The Department maintains close contact with UK Business Representative Organisations (BROs) to understand where support is needed most for businesses across the economy during the Coronavirus outbreak. This engagement includes, but is not limited to, the Federation for Small Businesses, the Confederation of British Industry, the British Chambers of Commerce, MAKE UK - the Manufacturers Organisation, UK Finance, and the Institute of Directors.</p><p> </p><p>The Secretary of State and my Hon. Friend the Minister for Small Business conduct calls with a range of BROs to discuss feedback from businesses on government support measures; and additional calls have been initiated to announce developments to the suite of COVID19 business finance.</p><p> </p><p>The Minister for Small Business has attended and answered questions at 4 public webinars in April and May including one hosted by Merton Chambers of Commerce. All were joined by a large number of SMEs.</p><p> </p><p>This Department has hosted a series of free, live webinars for business and industry, week commencing 4 May, to help businesses understand the support available during the COVID19 outbreak. Over 4,000 attendees joined the 5 May webinar. Officials presented updates on the CBILS scheme and tax issues and answered questions online.</p><p>The webinars included:</p><ul><li>Tuesday 5 May – loans for small businesses, tax deferral</li><li>Wednesday 6 May - COVID-19: Impacts and changes to International Trade</li><li>Thursday 7 May - Managing your business during coronavirus: reporting, regulations, and tax.</li></ul> answering member printed Lord Callanan grouped question UIN HL3840 HL3841 question first answered 20/05/2020 14:25:36 answering member 4336 label Biography information for Lord Callanan
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1193299

registered interest
date	05/05/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what discussions they have had with the Federation of Small Businesses about the operation of the Coronavirus Business Interruption Loan Scheme.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL3840
answer	answer is ministerial correction date of answer 20/05/2020 answer text <p>This Department continues to work closely with the British Business Bank on the design and implementation of the CBILS loan schemes. This includes discussions on monitoring the take-up of the loans across the UK. My Rt. Hon. Friend the Secretary of State for Business, Energy and Industrial Strategy keeps in regular contact with each of the biggest CBILS lenders to monitor implementation to ensure that companies receive the full benefits of the support being provided.</p><p> </p><p>The Department maintains close contact with UK Business Representative Organisations (BROs) to understand where support is needed most for businesses across the economy during the Coronavirus outbreak. This engagement includes, but is not limited to, the Federation for Small Businesses, the Confederation of British Industry, the British Chambers of Commerce, MAKE UK - the Manufacturers Organisation, UK Finance, and the Institute of Directors.</p><p> </p><p>The Secretary of State and my Hon. Friend the Minister for Small Business conduct calls with a range of BROs to discuss feedback from businesses on government support measures; and additional calls have been initiated to announce developments to the suite of COVID19 business finance.</p><p> </p><p>The Minister for Small Business has attended and answered questions at 4 public webinars in April and May including one hosted by Merton Chambers of Commerce. All were joined by a large number of SMEs.</p><p> </p><p>This Department has hosted a series of free, live webinars for business and industry, week commencing 4 May, to help businesses understand the support available during the COVID19 outbreak. Over 4,000 attendees joined the 5 May webinar. Officials presented updates on the CBILS scheme and tax issues and answered questions online.</p><p>The webinars included:</p><ul><li>Tuesday 5 May – loans for small businesses, tax deferral</li><li>Wednesday 6 May - COVID-19: Impacts and changes to International Trade</li><li>Thursday 7 May - Managing your business during coronavirus: reporting, regulations, and tax.</li></ul> answering member printed Lord Callanan grouped question UIN HL3839 HL3841 question first answered 20/05/2020 14:25:36 answering member 4336 label Biography information for Lord Callanan
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1193300

registered interest
date	05/05/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what discussions they have had with small businesses about the operation of the Coronavirus Business Interruption Loan Scheme.
tabling member printed	Baroness Ritchie of Downpatrick
uin	HL3841
answer	answer is ministerial correction date of answer 20/05/2020 answer text <p>This Department continues to work closely with the British Business Bank on the design and implementation of the CBILS loan schemes. This includes discussions on monitoring the take-up of the loans across the UK. My Rt. Hon. Friend the Secretary of State for Business, Energy and Industrial Strategy keeps in regular contact with each of the biggest CBILS lenders to monitor implementation to ensure that companies receive the full benefits of the support being provided.</p><p> </p><p>The Department maintains close contact with UK Business Representative Organisations (BROs) to understand where support is needed most for businesses across the economy during the Coronavirus outbreak. This engagement includes, but is not limited to, the Federation for Small Businesses, the Confederation of British Industry, the British Chambers of Commerce, MAKE UK - the Manufacturers Organisation, UK Finance, and the Institute of Directors.</p><p> </p><p>The Secretary of State and my Hon. Friend the Minister for Small Business conduct calls with a range of BROs to discuss feedback from businesses on government support measures; and additional calls have been initiated to announce developments to the suite of COVID19 business finance.</p><p> </p><p>The Minister for Small Business has attended and answered questions at 4 public webinars in April and May including one hosted by Merton Chambers of Commerce. All were joined by a large number of SMEs.</p><p> </p><p>This Department has hosted a series of free, live webinars for business and industry, week commencing 4 May, to help businesses understand the support available during the COVID19 outbreak. Over 4,000 attendees joined the 5 May webinar. Officials presented updates on the CBILS scheme and tax issues and answered questions online.</p><p>The webinars included:</p><ul><li>Tuesday 5 May – loans for small businesses, tax deferral</li><li>Wednesday 6 May - COVID-19: Impacts and changes to International Trade</li><li>Thursday 7 May - Managing your business during coronavirus: reporting, regulations, and tax.</li></ul> answering member printed Lord Callanan grouped question UIN HL3839 HL3840 question first answered 20/05/2020 14:25:36 answering member 4336 label Biography information for Lord Callanan
tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1191957

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of whether some banks are requiring companies to freeze all loans and leasing with other financing institutions before agreeing loans under the Coronavirus Business Interruption Loan Scheme; and whether they consider such conditions are appropriate in the context of an 80 per cent guarantee from them.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3754
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>Since the launch of the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has worked closely with the financial services sector to ensure that companies receive the full benefits from this support.</p><p> </p><p>Accredited lenders are responsible for providing loans under the CBILS. Lending decisions on whether a business is eligible to access the CBILS are fully delegated to the accredited lenders, and individual lending decisions remain at the discretion of these lenders.</p><p> </p><p>My Rt hon Friend the Secretary of State continues to work with banks and other finance providers to help SMEs access the finance they need and has discussed with these organisations the alternative forms of support for businesses that they are offering. The Government welcomed the statement by UK Finance on behalf of the financial sector which announced that banks, building societies and credit card providers are committed to supporting their business customers in continuing to trade.</p><p> </p> answering member printed Lord Callanan question first answered 15/05/2020 11:17:53 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1191958

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of whether it is appropriate for banks to make discretionary charges for any personal contact for the arrangement of coronavirus business loans; and whether there are any conditions on the fees that are covered under the scheme.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3755
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>Under the Coronavirus Business Interruption Loan Scheme (CBILS) the Government will make a payment to cover the first 12 months of interest payments and any facility arrangement fees charged by lenders, so businesses will benefit from lower upfront costs and initial repayments.</p><p> </p><p>The exact terms of each loan under the CBILS are delegated to the 50+ accredited lenders and will vary from lender to lender. However, the Government expects that the benefit of the guarantee under the CBILS is fully reflected in the interest that is charged on the CBILS facility. This expectation is re-enforced by the State aid rules that also require this.</p><p> </p><p>If businesses are worried about the specific terms of finance facilities available under this scheme, they should speak to their usual lender.</p><p> </p><p>My Rt hon Friend the Secretary of State continues to hold a dialogue with all major CBILS lenders to monitor the implementation of the scheme.</p> answering member printed Lord Callanan question first answered 15/05/2020 11:18:32 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1191959

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the requirement on the British Business Bank website that Coronavirus Business Interruption Loan Scheme loans must ‘have a borrowing proposal which the lender would consider viable, were it not for the pandemic’ means that loans required to assist with the situation caused by the pandemic and lockdown are not eligible; and if so, how that has been communicated to businesses.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3756
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to small and medium-sized businesses affected by coronavirus. In order for a business to be eligible for the CBILS, it must be considered “viable” by the lender prior to the onset of Covid-19. The lender must consider that the applicant (or its business group) has a viable business proposition determined by the lender’s underwriting policies.</p><p> </p><p>The viability test was amended in April to remove the requirement for lenders to include a ‘forward-looking’ element, which required an assessment of whether the business can trade out of the Covid-19 crisis. This means that any concerns over its short-to-medium term business performance due to the uncertainty and impact of COVID-19 cannot be taken into account when a lender is considering an application for loan. The applicant however must still satisfy the other eligibility criteria of the CBILS.</p><p> </p><p>For smaller value facilities (e.g. those of £30,000 or below), in determining the eligibility of the applicant, lenders may decide to determine the applicant’s credit worthiness based on its internal credit scoring models.</p><p> </p><p>Changes have also been made to the eligibility criterion which previously required the applicant (or its business group) to have a business proposition that can reasonably be expected to enable it to meet its repayment obligations under a proposed facility.</p><p> </p><p>Since the Coronavirus Business Interruption Loan Scheme was launched, Government has listened to feedback from stakeholders and made changes to ensure that loans are processed as quickly as possible and businesses get the support they need. These changes include:</p><p> </p><ul><li>Extending the scheme so that all viable small businesses affected by Covid-19 are eligible;</li><li>Removing previous restrictions on the following groups to enable them to access the CBILS, subject to other eligibility criteria being met: Employer, professional, religious or political membership organisations and trade unions;</li><li>Removing the ability for lenders to ask for personal guarantees for loans under £250,000, and reducing the personal guarantee for loans over £250,000 to 20% of the outstanding balance after recoveries;</li><li>Introducing technical changes to ensure that applications will be processed faster;</li><li>Removing the forward-looking viability test; and</li><li>Removing the per lender portfolio cap.</li></ul><p> </p> answering member printed Lord Callanan question first answered 15/05/2020 11:20:26 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1191960

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the requirement for Coronavirus Business Interruption Loan Scheme applications to include a business plan means that cashflow statements are required; and if so, what assessment they have made of whether it is appropriate to request such cash flow statements when the effect and duration of the pandemic is unclear.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3757
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>Since the Coronavirus Business Interruption Loan Scheme was launched, Government has listened to feedback from stakeholders and made changes to ensure that loans are processed as quickly as possible and businesses get the support they need.</p><p> </p><p>Government has removed the forward-looking viability test that required an assessment of whether the business can trade out of the crisis. The only test that remains is whether a business was viable before Covid-19.</p> answering member printed Lord Callanan question first answered 15/05/2020 11:26:00 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1191961

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether, under the Coronavirus Business Interruption Loan Scheme, any conditionality by the lender is permitted for the bounce back micro-loans; and whether that funding is automatic following ticks on an application form.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3758
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>The Bounce Back Loan Scheme has been designed to enable businesses to access finance quickly. Businesses are required to complete an online application form, which is expected to be assessed by their lender within a matter of days. In some instances, the lender may ask a business for additional information, such as an HMRC self-assessment tax return to verify its status as a business.</p><p> </p><p>Businesses from all sectors can apply for a facility. The business must self-certify to its lender the following:</p><ul><li>Confirm it is UK-based in its business activity, and established by 1 March 2020;</li><li>Confirm it has been adversely impacted by the Coronavirus (COVID-19);</li><li>Confirm it is not currently using a government-backed Coronavirus loan scheme (unless using BBLS to refinance a whole facility); and</li><li>Confirm it is not in bankruptcy, liquidation or undergoing debt restructuring.</li></ul> answering member printed Lord Callanan question first answered 15/05/2020 11:32:57 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1191962

registered interest
date	30/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether money laundering checks are impeding businesses from approaching alternative lenders to their own bank for the Coronavirus Business Interruption Loan Scheme; what percentage of loans are granted via applications to a different lender; and whether in-person presentation and certifications are required for money laundering checks to be carried out.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL3759
answer	answer is ministerial correction date of answer 15/05/2020 answer text <p>It is important that thorough due diligence is conducted by lenders as part of the Coronavirus Business Interruption Loan Scheme (CBILS).</p><p> </p><p>Businesses are free to apply for a CBILS facility from any of the 50+ accredited lenders. Lending decisions are fully delegated to the lenders. As such, money laundering checks are subject to each lender’s internal policy. The robustness of these policies is thoroughly tested before a lender can become accredited to CBILS.</p><p> </p><p>The British Business Bank does not hold information regarding an applicant’s banking or borrowing history.</p> answering member printed Lord Callanan question first answered 15/05/2020 11:40:36 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted