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Bounce Back Loan Scheme: Scotland

Department for Business, Energy and Industrial Strategy written question – answered on 24th June 2020.

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Photo of David Mundell David Mundell Conservative, Dumfriesshire, Clydesdale and Tweeddale

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Bounce Back Loans have been approved in Scotland to date; and what the total value is of those loans.

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

As of 21 June, 921,229 loans have been issued under the Bounce Back Loan Scheme (BBLS), with a total value of £28.09 billion.

Issuing new loans is the priority for lenders and the Government.

At this time, we are unable to provide a breakdown of lending or number of applications by region or devolved region. We are working with the British Business Bank, HM Treasury and the lenders on regular and transparent data publication going forward.

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