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1717040

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the bank loan application success rates of small and medium-sized enterprises.
tabling member printed	Lord Taylor of Warwick
uin	HL4546
answer	answer is ministerial correction date of answer 15/05/2024 answer text <p>The Government recognises the vital importance small and medium-sized enterprises (SMEs) and is committed to supporting SMEs grow and create jobs by providing an environment in which they can thrive.</p><p> </p><p>Access to finance for small businesses is important to drive growth. The government supports that access through the Recovery Loan Scheme, which offers a 70% government guarantee on loans to SMEs</p><p>of up to £2 million. The scheme has supported over £5.3 billion of finance to SMEs since its introduction in April 2021.</p><p> </p><p>At the 2024 Spring Budget, the Government announced that the Recovery Loan Scheme would be extended to the end of March 2026, and renamed as the Growth Guarantee Scheme.</p> answering member printed Baroness Vere of Norbiton question first answered 15/05/2024 16:00:39 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1688980

registered interest
date	16/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of proposals in the Prudential Regulation Authority Consultation Paper 16/22 on the Implementation of the Basel 3.1 standards on SME lending.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	13940
answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>The PRA is implementing Basel 3.1 as part of the UK’s Smarter Regulatory Framework. As part of this, the government has legislated for an accountability framework to ensure the PRA consider the impact of its implementation of Basel 3.1 on the wider impact on UK economic growth, of which SME lending is a vital part. HM Treasury continues to engage with the Prudential Regulation Authority (PRA) to assess the impact of its Basel 3.1 package on SME lending. The PRA has been clear that its final requirements will be guided by the evidence and that it would ‘particularly welcome’ evidence on the impact on SME lending so it can get its final proposals right. The PRA has said that it intends to publish its second policy statement in Q2 this year which will finalise the requirements in relation to SME lending</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 13941 question first answered 26/02/2024 10:38:15 answering member 4639 label Biography information for Bim Afolami
tabling member	1565 label Biography information for Sir Philip Davies

1645336

registered interest
date	16/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of proposals in the Prudential Regulation Authority Consultation CP 16/22 on the Implementation of the Basel 3.1 standards on the ability of small and medium-sized enterprises to raise funds against their commercial premises, and if he will make a statement.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	189941
answer	answer is ministerial correction date of answer 22/06/2023 answer text <p>The Prudential Regulation Authority (PRA)’s, and HM Treasury’s, consultations on the Basel 3.1 standards closed on 30 March. This included the government’s proposals for deleting retained EU law including which relates to the prudential rules on small and medium-sized enterprises (SMEs) raising funds against their commercial premises. The detailed implementation of the Basel 3.1 package is being delegated to the UK’s expert regulator, the PRA, and its consultation requested information from firms on specific measures, including those relating to SME lending. The government and PRA are currently considering the responses.</p><p> </p><p>The government continues to work with the PRA and businesses closely to understand the impact of the proposed changes, including the impact on SME lending.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/06/2023 12:31:24 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies

1605679

registered interest
date	20/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the SME lending proposals in the PRA Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, what assessment he has made of the potential impact of those standards on the supply of funding available to SMEs in (a) the UK and (b) Shipley constituency.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	169234
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169235 169236 169237 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies

1605680

registered interest
date	20/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions his Department has had with the (a) Bank of England, (b) Prudential Regulation Authority and (c) Financial Conduct Authority on the potential impact of removing the support factor for SME lending.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	169235
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169234 169236 169237 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies

1605681

registered interest
date	20/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the proposals on SME lending in the PRA Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, what assessment he has made of the effectiveness of those proposals on meeting the PRA’s mandate to promote competition in the banking sector.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	169236
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169234 169235 169237 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies

1605682

registered interest
date	20/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the proposals on SME lending in the PRA Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, what assessment he has made of the impact of the proposals on the ability of challenger banks to compete with the principal six banks on SME lending.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	169237
answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169234 169235 169236 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies

1603098

registered interest
date	10/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Prudential Regulation Authority's Consultation, CP 16/22, on the Implementation of the Basel 3.1 standards, what comparative assessment he has made of the potential impact of the SME lending proposals on banks based in the (a) EU and (b) UK.
tabling member constituency	South Derbyshire
tabling member printed	Mrs Heather Wheeler
uin	162498
answer	answer is ministerial correction date of answer 17/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes its proposals for deleting retained EU law including that which relates to the prudential rules on secured and unsecured SME lending. The detailed implementation of the Basel package however, has been delegated to the UK’s expert regulator, the Prudential Regulation Authority (PRA). The PRA is also consulting and has requested information from firms on specific measures including those relating to SME lending.</p><p> </p><p>The Government continues to work with the PRA and businesses closely to understand the impact of the proposed changes, including for competitiveness with the EU and the impact on SME lending. This includes monitoring the EU’s proposals, which also have not yet been finalised.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 162499 question first answered 17/03/2023 09:45:06 answering member 4874 label Biography information for Andrew Griffith
tabling member	4053 label Biography information for Mrs Heather Wheeler

1603109

registered interest
date	10/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Prudential Regulation Authority Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, whether he has made an assessment of the potential impact of the proposals for SME lending on the balance of risk on (a) secured and (b) unsecured loans.
tabling member constituency	South Derbyshire
tabling member printed	Mrs Heather Wheeler
uin	162499
answer	answer is ministerial correction date of answer 17/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes its proposals for deleting retained EU law including that which relates to the prudential rules on secured and unsecured SME lending. The detailed implementation of the Basel package however, has been delegated to the UK’s expert regulator, the Prudential Regulation Authority (PRA). The PRA is also consulting and has requested information from firms on specific measures including those relating to SME lending.</p><p> </p><p>The Government continues to work with the PRA and businesses closely to understand the impact of the proposed changes, including for competitiveness with the EU and the impact on SME lending. This includes monitoring the EU’s proposals, which also have not yet been finalised.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 162498 question first answered 17/03/2023 09:45:06 answering member 4874 label Biography information for Andrew Griffith
tabling member	4053 label Biography information for Mrs Heather Wheeler