18
Acknowledged
Greensill lent a total of £418.5 million under the government’s COVID-19 business support schemes between...
Conclusion
Greensill lent a total of £418.5 million under the government’s COVID-19 business support schemes between July and October 2020. Of this, Greensill lent £400 million under CLBILS, the maximum amount it was authorised to lend, through eight loans of £50 million. This made Greensill the fifth largest lender under this scheme. Under CBILS, Greensill made four loans worth £18.5 million.53
Government Response Summary
The government acknowledges the committee's finding by reiterating the total amounts Greensill lent under CLBILS and CBILS.
Government Response
Acknowledged
Government Response
Acknowledged
HM Government
Acknowledged
Greensill lent its maximum allocation of £400 million under CLBILS and £18.5 million under CBILS.
Source
Committee
Public Accounts Committee
Inquiry
Lessons from Greensill Capital
Report
Twenty-Sixth Report - Lessons from Greensill Capital: accreditation to business support schemes
20 Nov 2021
HC 169
Addressee Bodies
HM Treasury
Timeline
Recommendation age
4.7 yrs
Report published
20 Nov 2021