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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what ongoing data his Department is collecting on repayment rates for the (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme debt.

Bounce Back Loan Scheme lenders are required to notify the British Business Bank of any prepayment or repayment of a Scheme Facility via the Bank’s dedicated online portal. This reporting includes data such as the number of borrowers who have repaid their loan in full, and the number of borrowers who have taken up ‘Pay as you Grow’ measures.

Coronavirus Business Interruption Loan Scheme lenders may, but are not required to, notify the British Business Bank of repayment of loans through this same portal.