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1542772
registered interest false more like this
date less than 2022-11-16more like thismore than 2022-11-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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, whether it is his Department's policy to provide sole traders with the same loan guarantees as limited businesses under the Coronavirus Business Interruption Loan Scheme. more like this
tabling member constituency Glasgow North West more like this
tabling member printed
Carol Monaghan more like this
uin 88914 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-21more like thismore than 2022-11-21
answer text <p>The Coronavirus Business Interruption Loan Scheme (CBILS) closed for new applications on 31 May 2022 and saw 97,846 loans approved worth £25.86 billion. The scheme was open to sole traders, provided they satisfied the scheme’s eligibility criteria.</p> more like this
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake more like this
question first answered
less than 2022-11-21T17:33:34.683Zmore like thismore than 2022-11-21T17:33:34.683Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
4443
label Biography information for Carol Monaghan more like this
1541476
registered interest false more like this
date less than 2022-11-11more like thismore than 2022-11-11
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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, how many businesses took out loans through the Coronavirus Business Interruption Loan Scheme. more like this
tabling member constituency Glasgow North West more like this
tabling member printed
Carol Monaghan more like this
uin 84911 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-16more like thismore than 2022-11-16
answer text <p>In total, 97,846 facilities were drawn down by businesses under the Coronavirus Business Interruption Loan Scheme (CBILS), totalling £25.86 billion.</p><p> </p><p>As of 31 March 2022, 1,858 facilities (0.19%) had been subject to a default, meaning that the lender had issued a formal demand to the borrower.</p><p> </p><p>BEIS has not made an estimate of the number of businesses that took out loans through the Coronavirus Business Interruption Loan Scheme that have since ceased trading. This will be considered as part of the scheme's ongoing evaluation, which will consider the impact of CBILS on business survival.</p> more like this
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake more like this
grouped question UIN 84912 more like this
question first answered
less than 2022-11-16T17:19:18.9Zmore like thismore than 2022-11-16T17:19:18.9Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
4443
label Biography information for Carol Monaghan more like this
1541477
registered interest false more like this
date less than 2022-11-11more like thismore than 2022-11-11
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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, whether he has made an estimate of the number of businesses that took out loans through the Coronavirus Business Interruption Loan Scheme that have since ceased trading. more like this
tabling member constituency Glasgow North West more like this
tabling member printed
Carol Monaghan more like this
uin 84912 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-16more like thismore than 2022-11-16
answer text <p>In total, 97,846 facilities were drawn down by businesses under the Coronavirus Business Interruption Loan Scheme (CBILS), totalling £25.86 billion.</p><p> </p><p>As of 31 March 2022, 1,858 facilities (0.19%) had been subject to a default, meaning that the lender had issued a formal demand to the borrower.</p><p> </p><p>BEIS has not made an estimate of the number of businesses that took out loans through the Coronavirus Business Interruption Loan Scheme that have since ceased trading. This will be considered as part of the scheme's ongoing evaluation, which will consider the impact of CBILS on business survival.</p> more like this
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake more like this
grouped question UIN 84911 more like this
question first answered
less than 2022-11-16T17:19:18.943Zmore like thismore than 2022-11-16T17:19:18.943Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
4443
label Biography information for Carol Monaghan more like this
1461573
registered interest false more like this
date less than 2022-05-10more like thismore than 2022-05-10
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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 assessment his Department has made of the number of companies that claimed loans under the Coronavirus Business Interruption Loan Scheme without ever publishing company results before the pandemic. more like this
tabling member constituency Hendon more like this
tabling member printed
Dr Matthew Offord more like this
uin 218 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-05-17more like thismore than 2022-05-17
answer text <p>The Department does not hold this data. In order to be eligible for a Coronavirus Business Interruption Loan, a business had to have a borrowing proposal which the lender would consider viable, were it not for the pandemic.</p> more like this
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2022-05-17T08:33:25.59Zmore like thismore than 2022-05-17T08:33:25.59Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4006
label Biography information for Dr Matthew Offord more like this
1417503
registered interest false more like this
date less than 2022-01-27more like thismore than 2022-01-27
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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 recent estimate he has made of the (a) value and (b) proportion of loans made through the coronavirus business interruption loan scheme which will not be repaid. more like this
tabling member constituency Leeds West more like this
tabling member printed
Rachel Reeves more like this
uin 113093 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-02-01more like thismore than 2022-02-01
answer text <p>The most recent estimates for losses in the Coronavirus Business Interruption Loan Scheme can be found in the Department’s Annual Report and Accounts 2020-2021.</p> more like this
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2022-02-01T16:19:59.59Zmore like thismore than 2022-02-01T16:19:59.59Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4031
label Biography information for Rachel Reeves more like this
1417661
registered interest false more like this
date less than 2022-01-27more like thismore than 2022-01-27
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
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, how much the Exchequer has paid to lenders as a result of defaults in the Coronavirus Business Interruption Loan scheme; and how much of that figure is a result of fraud. more like this
tabling member constituency Leeds West more like this
tabling member printed
Rachel Reeves more like this
uin 113728 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-02-07more like thismore than 2022-02-07
answer text <p>The latest information is available at <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.british-business-bank.co.uk%2Fcovid-19-emergency-loan-schemes-repayment-data%2F&amp;data=04%7C01%7Cspads.office%40beis.gov.uk%7Cf98789fbe72f427f5d0908d9e8085ec4%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C637795944901882139%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=66rltLzr4356ljY3wDAitn3c06KqK%2FCsFPiDm2slikc%3D&amp;reserved=0" target="_blank">https://www.british-business-bank.co.uk/covid-19-emergency-loan-schemes-repayment-data/</a>”.</p> more like this
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2022-02-07T17:40:41.027Zmore like thismore than 2022-02-07T17:40:41.027Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4031
label Biography information for Rachel Reeves more like this
1385211
registered interest false more like this
date less than 2021-12-06more like thismore than 2021-12-06
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is the (1) number, and (2) value, of loans issued under the Coronavirus Business Interruption Loan Scheme that were made to (a) companies formed within seven days before the loan application, and (b) companies which were dormant and never traded. more like this
tabling member printed
Lord Sikka more like this
uin HL4743 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-12-20more like thismore than 2021-12-20
answer text <p>The Coronavirus Business Interruption Loan Scheme is a delegated scheme and lending decisions were made by the accredited lenders.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2021-12-20T12:49:17.233Zmore like thismore than 2021-12-20T12:49:17.233Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4885
label Biography information for Lord Sikka more like this
1382046
registered interest false more like this
date less than 2021-11-24more like thismore than 2021-11-24
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is the (1) number, and (2) value, of loans made under the Coronavirus Business Interruption Loan Scheme to companies formed within 14 days before the application for the loans. more like this
tabling member printed
Lord Sikka more like this
uin HL4401 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-12-08more like thismore than 2021-12-08
answer text <p>The Coronavirus Business Interruption Loan Scheme (CBILS) is a delegated scheme and lending decisions were made by the accredited lenders.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2021-12-08T15:38:49.637Zmore like thismore than 2021-12-08T15:38:49.637Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4885
label Biography information for Lord Sikka more like this
1378680
registered interest false more like this
date less than 2021-11-15more like thismore than 2021-11-15
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government how many applications for the Coronavirus Business Interruption Loan Scheme have been (1) received, and (2) approved, since they were introduced. more like this
tabling member printed
Lord Allen of Kensington more like this
uin HL3977 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-11-29more like thismore than 2021-11-29
answer text <p>The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced by the Government in March 2020 to provide financial support to smaller businesses across the UK that were losing revenue as a result of the Covid-19 pandemic.</p><p> </p><p>As of 31 May 2021, 251,342 applications had been submitted to approved CBILS lenders, of which 109,877 were successfully approved. Decision-making on whether a business was eligible for <em>CBILS</em> was fully <em>delegated</em> to the accredited lenders.</p><p> </p><p>CBILS closed for new applications on 31 March 2021.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2021-11-29T15:47:30.887Zmore like thismore than 2021-11-29T15:47:30.887Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4304
label Biography information for Lord Allen of Kensington more like this
1378681
registered interest false more like this
date less than 2021-11-15more like thismore than 2021-11-15
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
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 Coronavirus Business Interruption Loan Scheme remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government how many companies have defaulted on the instalment repayments Coronavirus Business Interruption Loan Scheme (CBILS) so far; what is the value of loan repayments remaining overdue; and how many small and medium sized businesses are currently overdue on CIBILS repayments. more like this
tabling member printed
Lord Allen of Kensington more like this
uin HL3978 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-11-29more like thismore than 2021-11-29
answer text <p>Many borrowers have begun to repay their Covid-19 Government facilities. Many have also taken advantage of the Government’s amendments to loan scheme rules which have provided businesses greater flexibility and space to start repayments.</p><p> </p><p>For those who borrowed under the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has taken action to allow lenders to extend the term of CBILS loans up to a maximum of ten years where they assess that borrowers are in difficulty and will benefit from the extension.</p><p> </p><p>Information related to loan repayments for the Government’s Covid-19 loan schemes will be included in the Department’s 2020-21 Annual Report and Accounts, to be published in due course.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2021-11-29T15:47:04.303Zmore like thismore than 2021-11-29T15:47:04.303Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4304
label Biography information for Lord Allen of Kensington more like this