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 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.


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

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.

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