Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to take steps to tackle disparities in basic lender performance of the British Business Bank, in response to some lenders putting in additional checks to counter fraud, while others did not.

All lenders continue to be subject to a robust audit and assurance process by the British Business Bank. If lenders don’t meet their obligations in the Guarantee Agreement the Bank can take remedial action including cancellation of the guarantee.