Greensill: Coronavirus Business Interruption Loan Scheme
(asked on 16th March 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government (1) when, and (2) for what reasons, they withdrew Greensill Capital’s approval as a Coronavirus Business Interruption Loan Scheme lender.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 30th March 2021
The British Business Bank is tasked with administering the Coronavirus Business Interruption Loan Scheme (CBILS) to ensure compliance with its terms. The details of its compliance activity with individual lenders is a commercially sensitive matter.
While the Bank looks into Greensill’s position, it is not able to originate new lending that benefits from a Government guarantee.