Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an estimate of the amount of money lost to fraud from the British Business Bank’s Bounce Back Loan Scheme.

The latest estimates for suspected fraud and error losses in the Bounce Back Loan Scheme (BBLS) can be found in the Department’s Annual Report and Accounts 2021-2022, accessible here: https://www.gov.uk/government/publications/beis-annual-report-and-accounts-2021-to-2022.