PARLIAMENTARY WRITTEN QUESTION
Bus Services: Coronavirus (30 November 2020)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has issued loans via the British Business Bank to subsidiaries of (a) Stagecoach, (b) National Express, (c) Go-Ahead, (d) First Group, (e) Serco, (f) Arriva and (g) Abellio in response to the effects of the covid-19 pandemic on (i) revenue streams and (ii) operational matters.

Asked by:
Charlotte Nichols (Labour)

The British Business Bank is the UK’s development bank, providing finance for small businesses via lending partners across a range of programmes. Part of the Bank’s wider role includes accrediting lenders for the Covid Support Schemes on behalf of Government.

The British Business Bank does not issue any loans directly to businesses. All credit decisions are delegated to accredited lenders in accordance with the rules set out under the terms of the three Covid Support Schemes.

Details of individual aid awards under the Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme and Bounce Back Loan Scheme will be published where required via the European Commission’s Transparency Aid Module in due course.

Answered by:
Paul Scully (Conservative)
8 December 2020