Bounce Back Loan Scheme

Department for Business, Energy and Industrial Strategy written question – answered on 30th March 2022.

Alert me about debates like this

Photo of Angela Eagle Angela Eagle Labour, Wallasey

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many and what proportion of loans claimed through the Bounce Back Loans scheme were duplicates; and what the total value was of all duplicate loans.

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

To date, the British Business Bank has identified 22,900 Bounce Back Loan Scheme facilities which it suspects could be involved in a case of duplicate loans. This figure includes both original facilities and potential duplicates. The Bank is currently working with lenders to investigate these facilities and determine which are ineligible loans under the scheme rules.

Does this answer the above question?

Yes0 people think so

No0 people think not

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