Business Secretary Alok Sharma admitted only 4,200 applications have been granted despite a backlog of 300,000 applications for the Coronavirus Business Interruption Loan Scheme.
He said he is working with lenders as quickly as possible to deliver funding to businesses hit by the #coronavirus pandemic.
Speaking to Sky's Sophy Ridge, he highlighted partnerships with businesses like Burberry and Rolls-Royce to manufacture greater quantities of personal protective equipment.
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