questionText: To ask the Secretary of State for Business and Trade, what steps his Department is taking to monitor how accredited lenders are applying the Growth Guarantee Scheme, including the use of personal guarantees, the interest rates being charged, and the criteria used to assess applications from viable small businesses; and whether he will require the British Business Bank to publish annual performance data for the Scheme, including application volumes, approval and decline rates, average APRs, and the proportion of facilities supported by personal guarantees.
answerText: Accredited lenders must operate within Growth Guarantee Scheme (GGS) rules and the British Business Bank (BBB) monitors lenders to ensure compliance with those requirements.Decisions on individual lending applications, including the assessment of whether ...
heading: Growth Guarantee Scheme