Bounce Back Loan Scheme

Department for Business, Energy and Industrial Strategy written question – answered on 8th June 2020.

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Photo of David Evennett David Evennett Conservative, Bexleyheath and Crayford

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many applications have been (a) accepted and (b) rejected under the Bounce Back Loan Scheme.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

As of 31 May, 699,354 loans have been approved under the Bounce Back Loan Scheme (BBLS), with a total value of £21.29 billion.

The Scheme has received 873,192 applications. The applications figure includes: approved applications; applications that are still to be processed; applications that have been declined; and applications that may turn out not to be eligible or cases where customers will decide not to proceed.

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