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Written question asked by Lord Myners (Crossbench) on Wednesday, 12 May 2021, in the House of Lords. It was due for an answer on Wednesday, 26 May 2021. It was answered by Lord Callanan (Conservative) on Wednesday, 26 May 2021 on behalf of the Department for Business, Energy and Industrial Strategy.

Greensill: Coronavirus Business Interruption Loan Scheme

Question

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 27 April (HL14881), whether they will now answer the question put, namely,  how much they have paid or are obliged to pay Greensill Capital in year one interest payments made under the Coronavirus Business Interruption Loan Scheme; what percentage by number and value of such loans extended by Greensill Capital involve higher interest rates than from the average of lenders; and what is the number and value of loans where the interest rate exceeded 14.9 per cent.

Answer

Recipients of any Coronavirus Business Interruption Loan Scheme (CBILS) loans made by any lender are entitled to apply for business interruption payments from the Government which cover the interest and any lender-levied fees in the first 12 months of any CBILS facility.

We are unable to provide of a breakdown of CBILS data by lender as this is commercially sensitive for lenders and borrowers. However, data on individual loans will be published where required on the European Commission’s Transparency Aid Module, in due course.

Secondary information

Type
Written question
Reference
HL181
Session
2021-22
Related items
Subjects
Interest rates Coronavirus business interruption loan scheme Greensill
Contains statistics
Yes
Link
View this Written question on www.parliament.uk