Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department produced a strategy for preventing fraud in the coronavirus business support schemes.
The National Audit Office follow-up report into the Bounce Back Loan Scheme recommended the Department produces a formal strategy that sets out the longer-term ambitions, objectives and metrics for the impact of successful counter-fraud activity. We are considering the recommendation and will respond in due course.