Covid-19: British Business Bank Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Baroness Kramer
Main Page: Baroness Kramer (Liberal Democrat - Life peer)Department Debates - View all Baroness Kramer's debates with the Department for Business, Energy and Industrial Strategy
(4 years, 6 months ago)
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Lord Callanan
I fully support the noble Lord in his desire for transparency. It is important that companies disclose this information so that we can see how successful the schemes have been.
Baroness Kramer (LD)
My Lords, will the Government take up the proposal made by my colleague Ed Davey to set up a website for lenders and products in the various support schemes along the lines of Compare the Market, so that firms can quickly identify which lenders would be willing to lend to them? They can then approach that institution and get money much more quickly.
Lord Callanan
I thank the noble Baroness for that suggestion, but the British Business Bank’s finance hub already provides full details on CBILS and our other loan guarantee schemes, including all details of accredited lenders. In addition, businesses may use one of the BBB’s designated online referral platforms, which may help them to find finance providers offering the product they are looking for.