Hospitality Industry: Recovery Loan Scheme

Department for Business, Energy and Industrial Strategy written question – answered at on 25 November 2021.

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Photo of Preet Kaur Gill Preet Kaur Gill Shadow Secretary of State for International Development

To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of hospitality businesses that applied for a loan under the Recovery Loan Scheme were successful in their application in (a) Birmingham, (b) the West Midlands and (c) the UK.

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

The most recent data published on RLS is available at the following link: https://www.british-business-bank.co.uk/press-release/recovery-loan-scheme-offers-over-1bn-to-smaller-businesses/. Lenders are only required to notify the British Business Bank of facilities that have been offered and drawn.

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