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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will publish any strategy it has produced for recovering fraudulent loans made as part of the coronavirus business support schemes.

The National Audit Office follow-up report into the Bounce Back Loan Scheme recommended the Department produces a formal strategy that sets out the longer-term ambitions, objectives and metrics for the impact of successful counter-fraud activity. We are considering the recommendation and will respond in due course.