Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many loans have been issued under the Bounce Back Loan Scheme.
The Bounce Back Loan Scheme (BBLS) has been introduced to help small and medium-sized businesses to borrow between £2000 and £50,000.
As of 5 July, 1,013,410 loans have been approved under the BBLS, with a total value of £30.93 billion. Banks are reporting that the average loan is around £30,000.