Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Bounce Back Loan Scheme

Treasury written question – answered on 22nd May 2020.

Alert me about debates like this

Photo of Carla Lockhart Carla Lockhart DUP, Upper Bann

To ask the Chancellor of the Exchequer, how many bounce back loans have been approved by (a) Ulster Bank, (b) Danske Bank, (c) Bank of Ireland and (d) AIB since the start of the Bounce Bank Loan Scheme.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Bounce Back Loans Scheme (BBLS), launched on 4 May, helps the smallest businesses access loans of up to £50,000 within days.

HM Treasury carefully monitors the progress of the scheme, including by collecting data on applications and loans directly from accredited lenders. However, this data is commercially sensitive and provided in confidence by each lender, so cannot be disclosed publicly.

Since its launch, the scheme has seen over 464,000 loans worth a total value of over £14bn approved. HM Treasury is now regularly publishing the total number and value of loans approved under the scheme.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.