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Contents

1. Publication plans
2. Coronavirus Business Interruption Loan Scheme (CBILS)
3. Coronavirus Large Business Interruption Loan Scheme (CLBILS)
4. Bounce Back Loan Scheme (BBLS)
5. Future Fund

Publication plans

HMT has published management information for each of the four schemes (CBILS, CLBILS, BBLS, Future Fund), including:

• the total number of applications
• the number of approved applications
• the value of loans approved

These schemes (CBILS, CLBILS and BBLS) closed to new applications on the 31st March. The figures in the table rows for 31st May represent the final set of data with all applications received by end-March which have now been processed. Data on the new Recovery Loan Scheme (RLS), which opened to applications on April 6th will be published on the British Business Bank鈥檚 website in due course.

The applications figure includes:

• approved applications
• applications that are still to be processed
• applications that have been declined or turn out not to be eligible
• withdrawn applications, where borrowers decide not to proceed

For CBILS, this number will also include a number of applications that have subsequently been converted to applications for the BBLS scheme.

For Future Fund, the number of applications includes only those where both a company and their lead investor have submitted information.

The CBILS scheme launched on 23 March 2020. This management information only begins from 10 May. UK Finance published data before this period on lending by UK Finance members. This information is available in this

Coronavirus Business Interruption Loan Scheme (CBILS)

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Bounce Back Loan Scheme (BBLS)

• The value of BBLS facilities approved includes BBLS loans which have been 鈥榯opped-up鈥� 鈥� that is, as announced on 2nd November, BBLS borrowers who took out less than their maximum under the scheme rules (the lesser of 拢50,000 or 25% of their turnover) in their first loan application can top-up their loan up to the maximum. As of 31st May, 106,660 BBLS top-ups have been approved worth 拢0.95 billion

One topped up loan will still be reported as one loan to avoid double counting the number of facilities approved. (e.g. if there were previously two facilities worth 拢40,000 each and subsequently one had been topped up to 拢50,000, this would now be reported as two facilities worth a total of 拢90,000).

CBILS and BBLS data by constituency

Future Fund

The Future Fund closed on 31 January 2021 and is no longer accepting new applications.

Notes

1. The management information for CBILS, CLBILS and BBLS is reported on behalf of accredited lenders. For Future Fund this is reported on behalf of the British Business Bank. HM Treasury accepts no responsibility for the accuracy of these figures.
2. Figures for CBILS, CLBILS and BBLS show cumulative applications and approvals up to close of business on 30 May 2021 by accredited lenders, as reported to HM Treasury by close of business 231 May 2021.
3. A full list of
4. Management information (MI) are not classified as statistics. The MI in this release reflects timely information and do not suffer from lag effects. However, the trend from weekly figures may show some volatility. Moreover, these are initial figures which have not been rigorously quality assured and do not include data from all accredited lenders.
5. UK Finance have also previously published MI on CBILS, but this only covers accredited lenders which are members of UK Finance. The is available on UK Finance.
6. Future Fund opened for applications on 20 May 2020. Provided that applicants provide the information required during the application process in a timely manner, it is expected that the process will take a minimum of 21 days from initial application to funding being made available. Convertible loans are reported as approved at the point the Convertible Loan Agreement document is issued by Future Fund for signature. The time to applicants subsequently receiving funds will depend on the speed with which they complete the documentation.
7. The Code of Practice for Statistics (the Code) is built around 3 main concepts, or pillars: trustworthiness, quality, and value. The following explains how we have applied the pillars of the Code in a proportionate way.

• Trustworthiness - the figures are based on management information supplied to HM Treasury by accredited lenders for CBILS, CLBILS and BBLS and by British Business Bank for Future Fund and represent their best estimates of the published totals. To support the management of departmental business, figures have been seen in advance by ministers and officials. This is in line with the Code, where pre-release access does not apply for releases based on routine management information 鈥� as covered in paragraph 3.6 of the National Statistician鈥檚 guidance.
• Quality - the information presented is provided by accredited lenders for CBILS, CLBILS and BBLS and by British Business Bank for Future Fund based on their management information. Quality assurance processes are built in the design of the templates and the data production processes in the Treasury.
• Value - in publishing this data, we aim to support the information needs of society, parliamentarians and stakeholders. Business loan schemes are one part of the unprecedented support for public services, workers and businesses the government has implemented to protect against the current economic emergency.

See more statistics on coronavirus funding for businesses and self employed people.