Companies: Russia

(asked on 15th March 2022) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many companies owned by Russian nationals or with significant links to Russia received (a) bounce back loans, (b) coronavirus business interruption loans, or (c) coronavirus large business interruption loans; and if he will publish details of those companies.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 18th March 2022

In order to be eligible for the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme or the Bounce Back Loan Scheme, a business was required to be trading in the United Kingdom.

The Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme and the Bounce Back Loan Schemes are delegated schemes, where customer relationships are managed by accredited lenders. We do not hold data on whether recipients of borrowing via the schemes are Russian nationals or have registered interests in the Russian Federation.

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