Source · Select Committees · Public Accounts Committee
Recommendation 23
23
In total, under CBILS and CLBILS, lenders have issued more than 110,000 loans worth around...
Conclusion
In total, under CBILS and CLBILS, lenders have issued more than 110,000 loans worth around £30 billion.68 Part of the eligibility criteria for receiving a loan included borrowers having its business activity based in the UK.69 The Treasury, which was responsible for developing the COVID-19 business support schemes alongside the Department, told us that the purpose of the schemes was to “support British businesses and British jobs”. It explained that it had a “central focus on ensuring these support schemes were to the benefit of the UK economy”.70