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

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 16 November (HL9859), whether any lenders charging 14.99 per cent per annum or more for Coronavirus Business Interruption Loans also charged arrangement fees of more than 3 per cent per annum.

Interest rates are set by lenders under the scheme. The British Business Bank and BEIS do not approve individual commercial terms. Some delivery partners accredited before the 14.99 per cent maximum rate of interest was in place can issue Coronavirus Business Interruption Loan Scheme (CBILS) facilities with interest rates above 14.99 per cent. We are unable to provide a breakdown by lender as this data is commercially sensitive.