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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 13 July 2021 to Question 29853 on Coronavirus Business Interruption Loan Scheme, what the timeframe is for the Government’s evaluation of the covid-19 loan guarantee schemes.

The Government continues to progress its evaluation of the Covid-19 loan guarantee schemes, which will include an assessment of delivery processes, impacts and value for money.

The full results of the evaluation will be finalised after 3 years when we will have enough data and experience to measure the impact of the loan schemes on business outcomes. Within that there will be annual reports to share emerging findings, although the exact timings of these dependent on how the evaluation progresses operationally. We intend to have published results no later than Q1 of each year up until 2024.