Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many businesses have defaulted on a loan provided through the (a) Bounce Back Loan and (b) Coronavirus Business Interruption Loan scheme (i) in total and (ii) by size of business.
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.