Written Question·Department for Business and Trade·UIN 52448
Business: Loans
Tabled: 14 May 2025
Answered: 21 May 2025
Question
Callum Anderson
Labour — Buckingham and Bletchley
To ask the Secretary of State for Business and Trade, what data his Department holds on the proportion of British Business Bank-backed loans which include personal guarantee requirements from borrowers.
Answer
Gareth ThomasThe British Business Bank utilises accredited delivery partners to deliver its schemes. Under the Growth Guarantee Scheme (formerly the Recovery Loan Scheme), delivery partners are required to apply personal guarantees where they would in the course of th...
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