Business: Loans

(asked on 12th February 2025) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government how many businesses with three employees or fewer are still paying back Government-backed loans provided during the COVID-19 pandemic; and what consideration they have given to cancelling the remainder of what is owed by those businesses.


Answered by
Baroness Jones of Whitchurch Portrait
Baroness Jones of Whitchurch
Baroness in Waiting (HM Household) (Whip)
This question was answered on 25th February 2025

The Government does not hold data on the number of businesses with three employees or less who have taken out a Covid support loan.

There is no specific repayment policy relating to businesses with three employees or less.

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