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
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To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 28 April (HL15066), whether they will now answer the question put, namely, how quickly after accreditation Greensill Capital disbursed Coronavirus Business Interruption Loan Scheme funds.
- Answer
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Greensill Capital were approved by the British Business Bank in June last year to provide finance through the Coronavirus Business Interruption Loan Scheme (CBILS), based on criteria set out in the CBILS “Request for Proposals”.
The British Business Bank is currently undertaking an investigation into Greensill’s lending under the Covid schemes and as such it would not be appropriate to comment on its lending at this time.
While the Bank investigates Greensill’s position, it remains an accredited lender for CBILS, although it has not been able to originate new lending since October 2020.
Secondary information
- Type
- Written question
- Reference
- HL182
- Session
- 2021-22
- Related items
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Greensill: Coronavirus Business Interruption Loan Scheme
Wednesday, 28 April 2021
Written questions
House of Lords
- Subjects
- Coronavirus business interruption loan scheme Greensill
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-05-26 16:21:03 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL182
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