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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an estimate of the number of businesses that took out loans through the Coronavirus Business Interruption Loan Scheme that have since ceased trading.

In total, 97,846 facilities were drawn down by businesses under the Coronavirus Business Interruption Loan Scheme (CBILS), totalling £25.86 billion.

As of 31 March 2022, 1,858 facilities (0.19%) had been subject to a default, meaning that the lender had issued a formal demand to the borrower.

BEIS has not made an estimate of the number of businesses that took out loans through the Coronavirus Business Interruption Loan Scheme that have since ceased trading. This will be considered as part of the scheme's ongoing evaluation, which will consider the impact of CBILS on business survival.