Bounce Back Loan Scheme

(asked on 12th May 2022) - 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 he has made of the number of loans made under the Bounce Back Loan Scheme to directors that have subsequently been disqualified or made subject to bankruptcy undertakings as a result of bounce-back loan misuse; and what the value of those loans is.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 20th May 2022

The Insolvency Service has secured 159 disqualifications of company directors as a result of COVID-19 financial support scheme abuse.

The Insolvency Service publishes official statistics online of its enforcement outcomes.

Our official statistics do not currently include bankruptcy restriction undertakings with regards to the Bounce Back Loan scheme.

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