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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government is taking steps to support Coronavirus Business Interruption Loan Scheme lenders to provide borrowers with more time to make their repayments where they assess that borrowers (a) are in difficulty and (b) would benefit from such an extension.

The Government has taken action to allow lenders to extend the term of Coronavirus Business Interruption Loan Scheme (CBILS) facilities up to a maximum of ten years where they assess that borrowers are in difficulty and will benefit from the extension.