British Business Bank

(asked on 24th February 2020) - View Source

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

To ask Her Majesty's Government whether the value of new loans extended by the British Business Bank sourced through peer-to-peer lending platforms has (1) increased, or (2) decreased, over the last three completed financial years; and what percentage of such loans were to borrowers who had already received funding from the British Business Bank.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 5th March 2020

The British Business Bank’s participation in peer-to-peer lending platforms has been primarily through the Bank’s commercial subsidiary British Business Investments. Data collected across programmes and delivery partners is consolidated on a programme-by-programme basis.

The value of new loans extended by the British Business Bank sourced through peer-to-peer lending platforms has increased year-on-year over the last three completed financial years.

Over the three year period, of the 15,420 distinct SME customers that have received financing through the peer-to-peer delivery partners of British Business Investments, 9.36% have been to repeat peer-to-peer customers[1]. The Bank does not hold data on how many peer-to-peer customers may previously have benefitted from other British Business Bank programmes.

[1] This data excludes finance through Market Invoice as a single customer could have multiple invoices funded through the platform at a time.

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