Business: Coronavirus

(asked on 10th May 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 people have been disqualified as company directors because of misuse of covid-19 loans scheme.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 17th May 2022

The Insolvency Service has secured 159 disqualifications of company directors as a result of COVID-19 financial support scheme abuse. This includes abuse of the Bounce Back Loan (BBL) Scheme, Coronavirus Business Interruption Loan Scheme (CBILS), and Coronavirus Large Business Interruption Loan Scheme (CLBILS).

The Insolvency Service publishes official statistics of its enforcement outcomes, which provide a breakdown of figures in relation to COVID-19 financial support scheme abuse. This is available here.

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