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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will make an assessment of the potential merits of amending the Coronavirus Business Interruption Loan Scheme to (a) extend the repayment period from six to over 10 years and (b) increase the level of Government support for the loan from partial to total, to assist businesses in accessing the finance they require.

The Government continues to hold a regular dialogue with the British Business Bank and Coronavirus Business Interruption Loan Scheme (CBILS) lenders to monitor its implementation.

We regularly engage with businesses themselves, and the finance industry association – UK Finance – to gather feedback on all the support schemes to identify areas for improvement.