Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
(asked on 18th October 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the (a) current and (b) estimated rate of default amongst (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme borrowers.
This question was answered on 21st October 2021
Estimates of potential guarantee claims by lenders under the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) were provided in the Department’s 2019/20 Annual Report and Accounts.