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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Covid Recovery Loans have been refused relating to Swansea since 1 January 2022.

The Recovery Loan Scheme (RLS) is delivered by the British Business Bank (BBB) through commercial lenders. The most recent data published on RLS is available at the following link: https://www.british-business-bank.co.uk/press-release/recovery-loan-scheme-offers-over-1bn-to-smaller-businesses/. The BBB does not capture application data on RLS. Lenders are only required to notify the BBB of RLS facilities that have been offered and drawn.

The BBB intends to publish updated data on usage of the scheme in due course.