HM Treasury Coronavirus (COVID-19) Business Loan Program Statistics
Contents
- Publication plans
- Coronavirus Business Interruption Loan Program (CBILS)
- Coronavirus Large Business Interruption Loan Program (CLBILS)
- Bounce Loan Program (BBLS)
- Future Fund
Publication plans
HMT has published management information for each of the four plans (CBILS, CLBILS, BBLS, Future Fund), including:
- the total number of applications
- the number of approved requests
- the value of approved loans
These devices (CBILS, CLBILS and BBLS) closed to new applications on March 31. The numbers in the rows of the table for May 31 represent the final data set with all requests received at the end of March that have now been processed. Data on the new Recovery Loan Scheme (RLS), open for applications on April 6, will be published on the British Business Bank website in due course.
The applications figure includes:
- approved requests
- requests that remain to be processed
- applications refused or not eligible
- withdrawn requests, when borrowers decide not to proceed
For the CBILS this number will also include a number of requests which were then converted into requests for the BBLS scheme.
For Future Fund, the number of applications includes only those for which a company and its lead investor have submitted information.
The CBILS system was launched on March 23, 2020. This management information does not begin until May 10. UK Finance released data prior to this period on UK Finance member loans. This information is available here.
Coronavirus Business Interruption Loan Program (CBILS)
| Data until close of business | Value of approved facilities | Number of approved installations | Total number of requests |
|---|---|---|---|
| May 10 | £ 6.09 billion | 35 919 | 64,531 |
| May 17 | £ 7.25 billion | 40,564 | 81,124 |
| May 24 | £ 8.15 billion | 43,045 | 84,607 |
| May 31st | £ 8.92 billion | 45,843 | 89,724 |
| June 7 | £ 9.56 billion | 47,650 | 93 305 |
| June 14 | £ 10.11 billion | 49,247 | 96,492 |
| 21st of June | £ 10.53 billion | 50 482 | 98 975 |
| June 28 | £ 11.07 billion | 52,275 | 104,569 |
| July the 5th | £ 11.49 billion | 53,536 | 107,309 |
| July 12 | £ 11.85 billion | 54,538 | 109,235 |
| July 19 | £ 12.20 billion | 55,674 | 112,212 |
| July 26 | £ 12.65 billion | 57,234 | 115,941 |
| August 2nd | £ 13.08 billion | 58,595 | 119,248 |
| August 9 | £ 13.41 billion | 59,520 | 121 669 |
| August 16 | £ 13.68 billion | 60,409 | 122,885 |
| September 20 | £ 15.45 billion | 66,585 | 142,076 |
| October 18 | £ 17.16 billion | 73,094 | 159,277 |
| November 15 | £ 18.46 billion | 77,909 | 173,556 |
| December 13 | £ 19.64 billion | 82,618 | 186 522 |
| 24 january | £ 20.84 billion | 87,529 | 201 343 |
| the 21st of February | £ 22.03 billion | 92,449 | 214,513 |
| March 21st | £ 23.28 billion | 98 344 | 233,247 |
| May 31st | £ 26.39 billion | 109 877 | 251 342 |
Coronavirus Large Business Interruption Loan Program (CLBILS)
| Data until close of business | Value of approved facilities | Number of approved installations | Total number of requests |
|---|---|---|---|
| May 10 | £ 0.36 billion | 59 | 450 |
| May 17 | £ 0.59 billion | 86 | 496 |
| May 24 | £ 0.82 billion | 154 | 502 |
| May 31st | £ 1.11 billion | 191 | 579 |
| June 7 | £ 1.57 billion | 244 | 615 |
| June 14 | £ 1.77 billion | 279 | 661 |
| 21st of June | £ 2.10 billion | 315 | 709 |
| June 28 | £ 2.33 billion | 359 | 745 |
| July the 5th | £ 2.58 billion | 394 | 783 |
| July 12 | £ 2.73 billion | 412 | 809 |
| July 19 | £ 2.89 billion | 428 | 831 |
| July 26 | £ 3.10 billion | 457 | 872 |
| August 2nd | £ 3.27 billion | 482 | 887 |
| August 9 | £ 3.40 billion | four hundred ninety seven | 896 |
| August 16 | £ 3.50 billion | 516 | 938 |
| September 20 | £ 3.84 billion | 566 | 992 |
| October 18 | £ 4.57 billion | 623 | 1,034 |
| November 15 | £ 4.84 billion | 658 | 1,065 |
| December 13 | £ 4.97 billion | 675 | 1,077 |
| 24 january | £ 5.14 billion | 696 | 1,091 |
| the 21st of February | £ 5.29 billion | 705 | 1,112 |
| March 21st | £ 5.30 billion | 716 | 1 130 |
| May 31st | £ 5.56 billion | 753 | 1,152 |
Bounce Loan Program (BBLS)
| Data until close of business | Value of approved facilities | Number of approved installations | Total number of requests |
|---|---|---|---|
| May 10 | £ 8.38 billion | 268 173 | 363 646 |
| May 17 | £ 14.18 billion | 464,393 | 581,516 |
| May 24 | £ 18.49 billion | 608,069 | 769,137 |
| May 31st | £ 21.29 billion | 699 354 | 873 192 |
| June 7 | £ 23.78 billion | 782,246 | 964,414 |
| June 14 | £ 26.34 billion | 863 584 | 1,057,130 |
| 21st of June | £ 28.09 billion | 921 229 | 1,123,683 |
| June 28 | £ 29.51 billion | 967,321 | 1,186,006 |
| July the 5th | £ 30.93 billion | 1,013,410 | 1,240,701 |
| July 12 | £ 31.70 billion | 1,047,611 | 1,282,639 |
| July 19 | £ 32.79 billion | 1,084,153 | 1,316,970 |
| July 26 | 33.68 billion pounds sterling | 1,113,312 | 1,349,051 |
| August 2nd | £ 34.34 billion | 1,135,575 | 1,377,955 |
| August 9 | £ 34.96 billion | 1,157,296 | 1,404,726 |
| August 16 | £ 35.47 billion | 1,174,854 | 1,430,017 |
| September 20 | £ 38.02 billion | 1,260,940 | 1,552,727 |
| October 18 | £ 40.20 billion | 1 336 320 | 1,660,845 |
| November 15 | £ 42.18 billion | 1,397,475 | 1,766,768 |
| December 13 | £ 43.54 billion | 1,431,987 | 1 887 967 |
| 24 january | £ 44.74 billion | 1,471,001 | 1 953 564 |
| the 21st of February | £ 45.61 billion | 1,500,466 | 2,004,447 |
| March 21st | £ 46.53 billion | 1,531,095 | 2,056,587 |
| May 31st | £ 47.36 billion * | 1,560,309 | 2,094,858 |
* The value of approved BBLS facilities includes BBLS loans that have been ‘reloaded’ – that is, as announced on November 2, BBLS borrowers who have taken out less than their maximum under the program rules (the less than £ 50,000 or 25% of their turnover) when they first apply for credit can top up their credit up to the maximum. As of May 31, 106,660 BBLS refills have been approved for a value of £ 0.95 billion
A completed loan will always be declared as a loan to avoid double counting the number of approved facilities. (e.g. if there were previously two installations worth £ 40,000 each and one was subsequently completed up to £ 50,000 this would now be reported as two installations worth total of £ 90,000).
CBILS and BBLS data by district
British Business Bank Statistics
Future Fund
| Data until close of business | Total number of applications | Number of convertible loans approved | Value of Convertible Loans Approved |
|---|---|---|---|
| May 27 | 419 | n / A | n / A |
| May 31st | 464 | n / A | n / A |
| June 7 | 533 | 53 | £ 55.9 million |
| June 14 | 577 | 155 | £ 146.0 million |
| 21st of June | 623 | 252 | £ 236.2 million |
| June 28 | 674 | 322 | £ 320.6 million |
| July the 5th | 722 | 376 | £ 379.9 million |
| July 12 | 750 | 429 | £ 419.6 million |
| July 19 | 781 | 465 | £ 468.7 million |
| July 26 | 816 | 510 | £ 512.9 million |
| August 2nd | 839 | 537 | £ 534.0 million |
| August 9 | 868 | 565 | £ 562.3 million |
| August 16 | 902 | 590 | £ 588.3 million |
| September 20 | 1,072 | 711 | £ 720.0 million |
| October 18 | 1,243 | 745 | £ 770.8 million |
| November 15 | 1325 | 874 | £ 875.8 million |
| December 13 | 1,432 | 971 | £ 975.5 million |
| 24 january | 1925 | 1,055 | £ 1,066.6m |
| the 21st of February | 2 206 | 1140 | £ 1,124.3 million |
| June 30th | 2 206 | 1 190 | £ 1,136.7 million |
The Future Fund closed its doors on January 31, 2021 and is no longer accepting new applications.
Remarks
- 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.
- The figures for CBILS, CLBILS and BBLS show the cumulative requests and approvals up to the close of business on May 30, 2021 by accredited lenders, as reported to the Treasury at the close of business on May 231, 2021.
- A complete list of accredited lenders for CBILS, CLBILS and BBLS can be found here.
- Management information (MI) is not classified as statistics. The IM of this version reflects up-to-date information and does not suffer from lag effects. However, the trend of the weekly figures may show some volatility. In addition, these are initial figures that have not been subject to rigorous quality assurance and do not include data from all accredited lenders.
- UK Finance has also previously published MI on CBILS, but this only covers accredited lenders who are members of UK Finance. These data are available here.
- Future Fund opened for applications on May 20, 2020. Provided applicants provide the required information during the application process in a timely manner, the process should take at least 21 days between initial application and release to the funding. Convertible loans are declared as approved at the time the convertible loan agreement document is issued by Future Fund for signature. The time allowed for applicants to receive funds thereafter will depend on how quickly they complete the documentation.
- The Code of Good Practice for Statistics (the Code) is built around 3 main concepts, or pillars: reliability, quality and value. The following explains how we applied the pillars of the Code in a proportionate manner.
- Reliability – figures are based on management information provided to HM Treasury by accredited lenders for CBILS, CLBILS and BBLS and the British Business Bank for Future Fund and represent their best estimates of published totals. To support the management of ministerial affairs, figures have been seen in advance by ministers and officials. This is in line with the Code, where pre-release access does not apply to releases based on routine management information – as stated in paragraph 3.6 of the National Statistician’s guidelines.
- Quality – the information presented is provided by lenders accredited for CBILS, CLBILS and BBLS and by the British Business Bank for Future Fund on the basis of their management information. Quality assurance processes are integrated into the design of models and data production processes within Treasury.
- Value – by publishing this data, we aim to meet the information needs of society, parliamentarians and stakeholders. The business loan programs are part of the unprecedented support for utilities, workers and businesses that the government has put in place to protect against the current economic emergency.
See more statistics on coronavirus financing for businesses and the self-employed here.
