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 28 April (HL15066), whether they will now answer the question put, namely, how quickly after accreditation Greensill Capital disbursed Coronavirus Business Interruption Loan Scheme funds.

Greensill Capital were approved by the British Business Bank in June last year to provide finance through the Coronavirus Business Interruption Loan Scheme (CBILS), based on criteria set out in the CBILS “Request for Proposals”.

The British Business Bank is currently undertaking an investigation into Greensill’s lending under the Covid schemes and as such it would not be appropriate to comment on its lending at this time.

While the Bank investigates Greensill’s position, it remains an accredited lender for CBILS, although it has not been able to originate new lending since October 2020.