Bounce Back Loan Scheme
(asked on 9th February 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much HM Treasury has paid out to Bounce Back Loan Scheme (BBL) lending banks under the state guarantee up to 31 January 2022; and what percentage of this figure was attributed to losses from fraud.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 28th February 2022
As of the end of December 2021, the British Business Bank, on behalf of government, has settled guarantee claims by lenders in relation to the Bounce Back Loan Scheme of £70m. Of this, less than 20% was flagged by lenders as suspected fraud. Figures for January 2022 are currently not available.