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

To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason lenders under the Covid Recovery Loan Scheme do not provide reasons to companies which they deem not to match the loan criteria.

The Recovery Loan Scheme (RLS) is delivered by the British Business Bank (BBB) through a network of accredited lenders. Decision-making on whether a company is eligible for RLS and whether it is suitable for them is fully delegated to these accredited lenders.

The terms of RLS do not specify how lenders should communicate with prospective borrowers. Lenders may provide feedback to prospective borrowers in accordance with their own commercial processes.