Bounce Back Loan Scheme
(asked on 9th March 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, how many and what proportion of recipients of bounce bank loans have not yet started repayments of those loans.
This question was answered on 14th March 2022
As many borrowers are using “Pay as You Grow” options, it is not possible to provide a definitive figure for on-schedule payments for the Bounce Back Loan Scheme (BBLS). However, latest figures show that £2.04bn, or 4% of total facilities, have been repaid in full.