Greensill
(asked on 12th May 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what assessment they have made of the impact of the collapse of Greensill Capital on the recovery of loans relating to the COVID-19 pandemic.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 26th May 2021
The Government and the British Business Bank (Bank) are closely monitoring the situation with respect to Greensill Capital.
Lenders offering finance via the Covid-19 loan schemes are expected to adhere to the terms of the guarantee agreement, and the Bank will take appropriate action in the event of non-compliance.