Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Coronavirus Business Interruption Loan Scheme - Question

Part of the debate – in the House of Lords at 11:24 am on 12th May 2020.

Alert me about debates like this

Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 11:24 am, 12th May 2020

My Lords, as of 6 May, loans worth over £5.5 billion were issued under the Coronavirus Business Interruption Loan Scheme for 33,812 businesses. The bounce-back loan scheme was launched on Monday 4 May, and nearly 160,000 loans, worth almost £5 billion, were approved in the first three days of the scheme’s operation. The Government continue to monitor the schemes and to work with the financial services sector to ensure that companies receive the full benefit from the support available.