Coronavirus Business Interruption Loans

(asked on 17th February 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what is the monetary value of Coronavirus Business Interruption Loans that have yet to be repaid, broken down by industry sector.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Shadow Secretary of State for Levelling Up, Housing and Communities
This question was answered on 9th March 2023

As of 31 December 2022, the outstanding balance for Coronavirus Business Interruption Loans that have yet to be repaid was £13.29 billion. A sector breakdown of this information is not available. 25.13% of facilities have been fully repaid, at a value of £7.15 billion.

The Coronavirus Business Interruption Loan Scheme delivered 109,877 loans worth £26.39 billion and closed on 31 March 2021. A breakdown of facilities by sector for Coronavirus Business Interruption Loans, to 2 July 2021, can be found on the British Business Bank website: https://www.british-business-bank.co.uk/press-release/analysis-of-final-coronavirus-loan-scheme-data-shows-79-3bn-of-loans-to-1-67m-businesses-evenly-distributed-across-whole-of-the-uk/

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