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1257194
registered interest false more like this
date less than 2020-12-01more like thismore than 2020-12-01
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Business: Government Assistance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure that businesses that are eligible for Bounce Back loans but unable to access them through their bank receive the support they need. more like this
tabling member constituency Gillingham and Rainham more like this
tabling member printed
Rehman Chishti remove filter
uin 123568 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-12-09more like thismore than 2020-12-09
answer text <p>The Bounce Back Loan Scheme (BBLS) is currently being delivered through 29 accredited lenders, including several non-banks and alternative lenders. If an eligible business is unable to access the scheme because their bank is not a participant, or their bank is unable to process their application or turns it down, businesses are encouraged to apply for finance with another of the lenders. These accredited lenders are all listed on the British Business Bank’s website[1].</p><p> </p><p>If the application is still unsuccessful, there are other forms of finance available to eligible firms and these can be identified from a number of sources, including the Government’s online finance finder on GOV.UK.</p><p> </p><p>Businesses of all sizes across England, are also encouraged to contact the nearest local government-backed Growth Hub for free impartial advice on accessing the right finance. Expert advisers will be able to discuss alternative sources of support, business planning and building resilience.</p><p> </p><p>The Government’s Business Support Helpline (FREEPHONE 0800 998 1098) also provides free, impartial support and advice to businesses.</p><p> </p><p>Businesses based in Northern Ireland, Wales and Scotland will be able to access similar support through the Devolved Administrations.</p><p> </p><p><em>[1] <a href="https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/current-accredited-lenders-and-partners/" target="_blank">https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/current-accredited-lenders-and-partners/</a></em></p>
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2020-12-09T12:21:46.133Zmore like thismore than 2020-12-09T12:21:46.133Z
answering member
4414
label Biography information for Paul Scully remove filter
tabling member
3987
label Biography information for Rehman Chishti more like this