HM Treasury coronavirus (COVID-19) business loan scheme statistics – GOV.UK
Coronavirus Business Interruption Loan Scheme (CBILS)
Data up to close of business
Value of Facilities Approved
Number of Facilities Approved
Total Number of Applications
10 May
£6.09bn
35,919
64,531
17 May
£7.25bn
40,564
81,124
24 May
£8.15bn
43,045
84,607
31 May
£8.92bn
45,843
89,724
7 June
£9.56bn
47,650
93,305
14 June
£10.11bn
49,247
96,492
21 June
£10.53bn
50,482
98,975
28 June
£11.07bn
52,275
104,569
5 July
£11.49bn
53,536
107,309
12 July
£11.85bn
54,538
109,235
19 July
£12.20bn
55,674
112,212
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Data up to close of business
Value of Facilities Approved
Number of Facilities Approved
Total Number of Applications
10 May
£0.36bn
59
450
17 May
£0.59bn
86
496
24 May
£0.82bn
154
502
31 May
£1.11bn
191
579
7 June
£1.57bn
244
615
14 June
£1.77bn
279
661
21 June
£2.10bn
315
709
28 June
£2.33bn
359
745
5 July
£2.58bn
394
783
12 July
£2.73bn
412
809
19 July
£2.89bn
428
831
Bounce Back Loan Scheme (BBLS)
Data up to close of business
Value of Facilities Approved
Number of Facilities Approved
Total Number of Applications
10 May
£8.38bn
268,173
363,646
17 May
£14.18bn
464,393
581,516
24 May
£18.49bn
608,069
769,137
31 May
£21.29bn
699,354
873,192
7 June
£23.78bn
782,246
964,414
14 June
£26.34bn
863,584
1,057,130
21 June
£28.09bn
921,229
1,123,683
28 June
£29.51bn
967,321
1,186,006
5 July
£30.93bn
1,013,410
1,240,701
12 July
£31.70bn
1,047,611
1,282,639
19 July
£32.79bn
1,084,153
1,316,970
Future Fund
Data up to close of business
Total number of applications
Number of convertible loans approved
Value of convertible loans approved
27 May
419
n/a
n/a
31 May
464
n/a
n/a
7 June
533
53
£55.9m
14 June
577
155
£146.0m
21 June
623
252
£236.2m
28 June
674
322
£320.6m
5 July
722
376
£379.9m
12 July
750
429
£419.6m
19 July
781
465
£468.7m
Notes
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.
Figures for CBILS, CLBILS and BBLS show cumulative applications and approvals up to close of business on 19 July 2020 by accredited lenders, as reported to HM Treasury by close of business 20 July 2020.
A full list of accredited lenders for CBILS, CLBILS and BBLS can be found here.
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.
UK Finance have also previously published MI on CBILS, but this only covers accredited lenders which are members of UK Finance. This data is available here.
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.
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 – as covered in paragraph 3.6 of the National Statistician’s 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.
