Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether lenders participating in the Coronavirus Business Interruption Loan Scheme are able to transfer the guarantee of that scheme to another participating lender.

Only in certain limited circumstances, and with the prior written consent of the British Business Bank, can an accredited lender transfer the guarantee of the Coronavirus Business Interruption Loan Scheme to another accredited lender.