Written Question·Department for Business and Trade·UIN 65759
Coronavirus Business Interruption Loan Scheme
Tabled: 8 July 2025
Answered: 11 July 2025
Named DayQuestion
Dame Chi Onwurah
Labour — Newcastle upon Tyne Central and West
To ask the Secretary of State for Business and Trade, how many and what proportion of Coronavirus Business Interruption Loan Scheme payments have been paid to the loaning bank following (a) default and (b) bankruptcy by the business to which the loan was made; and what the value was of each of those loans.
Answer
Gareth ThomasAs at 31 March 2025, 8,755 (9.0% of the total) Coronavirus Business Interruption Scheme (CBILS) loans have had the government guarantee paid out. The monetary value of the guarantees paid out is £996.3mn, or 3.9% of the total the CBILS draw down value. The Department for Business and Trade (DBT) does not hold data detailing the reason for borrower default, including where bankruptcy is the reason for default.