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

To ask Her Majesty's Government what is the total value of loans extended under the Coronavirus Business Interruption Loan Scheme where the annual rate of interest exceeds 14.99 per cent; and what is the highest rate of interest at which a Coronavirus Business Interruption Loan has been made.

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 CBILS facilities with interest rates above 14.99 per cent.

Facilities worth a total of £19.64 billion have been offered under CBILS. The total value of loans offered under the Coronavirus Business Interruption Loan Scheme (CBILS) where the annual rate of interest exceeds 14.99 per cent is £35,364,874. The highest individual interest rate for a loan offered under the scheme is 34.9 per cent (all figures correct as of 17 December 2020).