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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many companies that availed of bounce back loans have (a) filed for bankruptcy and (b) indicated that they will not be in a position to repay their loans.

Data on the number of companies with a Bounce Back Loan that have entered formal insolvency procedures will be collected in due course.

It is too early to provide figures relating to repayments given many businesses have yet to begin repaying their Bounce Back Loan. Further information related to loan repayments for the Government’s Covid-19 loan schemes will feature in the BEIS 2020-21 Annual Report and Accounts, scheduled for publication later this year.