Collection

HM Treasury coronavirus (COVID-19) business loan scheme statistics

HMT management information about the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme.

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 will publish management information each Tuesday 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

This information will now be published monthly with the next release at 9.30am on Thursday 17 December.

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  • withdrawn applications, where borrowers decide not to proceed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 here.

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
26 July £12.65bn 57,234 115,941
2 August £13.08bn 58,595 119,248
9 August £13.41bn 59,520 121,669
16 August £13.68bn 60,409 122,885
20 September £15.45bn 66,585 142,076
18 October £17.16bn 73,094 159,277
15 November £18.46bn 77,909 173,556

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
26 July £3.10bn 457 872
2 August £3.27bn 482 887
9 August £3.40bn 497 896
16 August £3.50bn 516 938
20 September £3.84bn 566 992
18 October £4.57bn 623 1,034
15 November £4.84bn 658 1,065

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
26 July £33.68bn 1,113,312 1,349,051
2 August £34.34bn 1,135,575 1,377,955
9 August £34.96bn 1,157,296 1,404,726
16 August £35.47bn 1,174,854 1,430,017
20 September £38.02bn 1,260,940 1,552,727
18 October £40.20bn 1,336,320 1,660,845
15 November £42.18bn* 1,397,475 1,766,768

*The value of BBLS facilities approved includes the extra value from a BBLS loan which has subsequently been ‘topped-up’ to a higher amount. 1 topped up loan will still be reported as 1 loan to avoid double counting the number of facilities approved. (e.g. if there were previously 2 facilities worth £40,000 each and subsequently 1 had been topped up to £50,000, this would now be reported as 2 facilities worth a total of £90,000). It was announced on 2nd November that BBLS borrowers who took out less than their maximum under the scheme rules (the lesser of £50,000 or 25% of their turnover) in their first loan application will now be allowed to top-up their loan up to the maximum. Separate details on the number and value of top-ups approved will be published in future publications.

CBILS and BBLS data by constituency

Statistics from British Business Bank

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
26 July 816 510 £512.9m
2 August 839 537 £534.0m
9 August 868 565 £562.3m
16 August 902 590 £588.3m
20 September 1,072 711 £720.0m
18 October 1,243 745 £770.8m
15 November 1,325 874 £875.8m

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 15 November 2020 by accredited lenders, as reported to HM Treasury by close of business 16 November 2020.
  3. A full list of accredited lenders for CBILS, CLBILS and BBLS can be found here.
  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. This data is available here.
  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 – 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.

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

Published 27 May 2020
Last updated 19 November 2020 + show all updates
  1. Updated with new data.

  2. Updated 'HM Treasury coronavirus (COVID-19) business loan scheme statistics'.

  3. Edited the date of the next release - now at 9.30am on Thursday 22 October.

  4. Updated 'HM Treasury coronavirus (COVID-19) business loan scheme statistics'.

  5. Updated with weekly stats.

  6. Updated with weekly stats.

  7. Updated with: CBILS and BBLS data by constituency.

  8. Updated with weekly stats.

  9. Updated weekly stats.

  10. Added updated statistics.

  11. Updated weekly stats from 12 July 2020.

  12. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  13. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  14. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  15. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  16. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  17. Updated with new figures for: CBILS, CLBILS, BBLS, Future Fund.

  18. Added in HMT management information for Future Fund scheme.

  19. First published.