Coronavirus Business Interruption Loan Scheme
(asked on 15th November 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how many applications for the Coronavirus Business Interruption Loan Scheme have been (1) received, and (2) approved, since they were introduced.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced by the Government in March 2020 to provide financial support to smaller businesses across the UK that were losing revenue as a result of the Covid-19 pandemic.
As of 31 May 2021, 251,342 applications had been submitted to approved CBILS lenders, of which 109,877 were successfully approved. Decision-making on whether a business was eligible for CBILS was fully delegated to the accredited lenders.
CBILS closed for new applications on 31 March 2021.