Earl of Clancarty: DBT: Written Answers (1)

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Written Question

Business: Loans

Tuesday 25th February 2025

Asked by: Earl of Clancarty (Crossbench - Excepted Hereditary)

Question to the Department for Business and Trade:

To ask His Majesty's Government how many businesses with three employees or fewer are still paying back Government-backed loans provided during the COVID-19 pandemic; and what consideration they have given to cancelling the remainder of what is owed by those businesses.

Answered by Baroness Jones of Whitchurch

The Government does not hold data on the number of businesses with three employees or less who have taken out a Covid support loan.

There is no specific repayment policy relating to businesses with three employees or less.