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Coronavirus Business Interruption Loan Scheme

Department for Business, Energy and Industrial Strategy written question – answered on 27th April 2020.

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Photo of Toby Perkins Toby Perkins Shadow Minister (Education)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the number of businesses that have (a) made applications for loans under the Coronavirus Business Interruption Loan Scheme and (b) have received approval for those applications, broken down by each bank to which those businesses applied.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

As of 21 April, over £2.8bn worth of loans have been issued under the Coronavirus Business Interruption Loan Scheme, to over 16,600 businesses. Lenders have received 36,000 completed applications.

The information is not currently available broken down by each lender. We are working with the British Business Bank, HM Treasury and the lenders on providing transparent and regular data publication going forward.

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