Renewable Energy: Coronavirus
(asked on 30th November 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the cost to the public purse has been in loans via the (a) British Business Bank and (b) other lenders to (i) developers and (ii) contractors in the renewable energy industry in response to the effects of the covid-19 pandemic on (A) revenue streams, (B) capital investment and (C) employment costs.
The three Coronavirus Business Interruption loan schemes are administered by the British Business Bank and delivered by accredited lenders.
The cost to Government of the schemes will not be known until the end of the life of the loan schemes. The total cost will also depend on a range of economic factors over the life of the schemes.
The British Business Bank publishes lending figures under the BBBLs and CBILS schemes, including by sector[1] as follows.
BBLS by Sector | Number of BBLS facilities | Volume of Finance under BBLS (£) | % of BBLS facilities | % of business population |
Mining and Quarrying; Electricity, Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities | 7,866 | 251,165,017 | 1% | 0.6% |
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CBILS by Sector | Number of CBILS facilities | Volume of Finance under CBILS (£) | % of CBILS facilities | % of business population |
Mining and Quarrying; Electricity, Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities | 476 | 139,820,670 | 1% | 0.6% |
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[1] https://www.british-business-bank.co.uk/coronavirus-loan-schemes-benefiting-businesses-in-all-corners-of-uk-reveals-new-analysis-from-british-business-bank/