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

To ask Her Majesty's Government how many companies have defaulted on the instalment repayments Coronavirus Business Interruption Loan Scheme (CBILS) so far; what is the value of loan repayments remaining overdue; and how many small and medium sized businesses are currently overdue on CIBILS repayments.

Many borrowers have begun to repay their Covid-19 Government facilities. Many have also taken advantage of the Government’s amendments to loan scheme rules which have provided businesses greater flexibility and space to start repayments.

For those who borrowed under the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has taken action to allow lenders to extend the term of CBILS loans up to a maximum of ten years where they assess that borrowers are in difficulty and will benefit from the extension.

Information related to loan repayments for the Government’s Covid-19 loan schemes will be included in the Department’s 2020-21 Annual Report and Accounts, to be published in due course.