Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government which government department was responsible for approving Greensill Capital as a lender under the Coronavirus Business Interruption Loan Scheme; and whether in making this decision they took advice from any other government department or regulatory agency.
The British Business Bank is responsible for accrediting lenders to the Coronavirus Business Interruption Loan Scheme (CBILS).
Greensill Capital (UK) Limited were approved by the British Business Bank for CBILS and the Coronavirus Large Business Interruption Loan Scheme last year in accordance with its published guidance on accreditation.