Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme

(asked on 12th November 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 estimate his Department has made of the cost to the public purse in the event that (a) 10 to 25 per cent of Coronavirus Business Interruption Loan Scheme and (b) 35 to 60 per cent of Bounce Back Loan Scheme borrowers default, in line with his Department's estimates.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 18th November 2021

The information requested is currently being updated as part of the Department’s 2020-21 Annual Report and Accounts, which will be published in due course.

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