Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what proportion of loans made by the British Business Bank and sourced from peer-to-peer platforms have defaulted.
Since 2014, the British Business Bank has invested over £2.18bn via peer-to-peer platforms, benefitting over 19,617 SMEs (as at March 2019).
The default rate in the British Business Bank’s peer-to-peer platform investments is commercially sensitive information.