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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of applications to the Coronavirus Business Interruption Loan Scheme have been declined to date.

As of 20 September, 66,585 loans have been approved under the Coronavirus Business Interruption Loan Scheme, with a total value of £15.45 billion.

The Scheme has received 142,076 applications. The applications figure includes: approved applications; applications that are still to be processed; applications that have been declined; and applications that may turn out not to be eligible or cases where customers will decide not to proceed. Decisions on whether to specifically capture information relating to declined loans are at the discretion of the lender.