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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the number of businesses in England who have applied unsuccessfully to the Bounce Back Loan Scheme.

As of 15 November, 1,397,475 loans have been approved under the Bounce Back Loan Scheme, with a total value of £42.18 billion.

In total, the Bounce Bank Loan Scheme has received 1,766,768 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 have decided not to proceed.