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 - Baroness in Waiting (HM Household) (Whip)
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.