Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many and what proportion of applications to the Bounce Back Loan Scheme have been declined.

As of 18 October, 1,336,320 loans have been approved under the Bounce Back Loan Scheme, with a total value of £40.20 billion.

The Scheme has received 1,660,845 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.