Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how much and what proportion of funds obtained fraudulently through covid-19 loan schemes have since been (a) returned to or (b) reclaimed by his Department.
As of 30th April 2022 a total of £4,022,685 of funds, obtained fraudulently through covid-19 loan schemes, has been recovered by the National Investigation Service. Of the funds recovered, £3,010,831 was returned to lenders and the remaining £1,011,854 has been or is in the process of being returned to the Government.