Business: Coronavirus

(asked on 20th September 2021) - 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 people who will be repaying (a) Coronavirus Business Interruption Loan Scheme and (b) Bounce Back Loan Scheme debt during retirement.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 23rd September 2021

The Government’s Covid-19 loan schemes have provided a lifeline to millions of businesses across the UK – helping them survive the pandemic and protecting millions of jobs. As of 31 May 2021, over £26 billion has been lent through the Coronavirus Business Interruption Loan scheme, and over £47 billion has been lent through the Bounce Back Loan scheme, for a total of nearly £74 billion.

Age is classed as personal data which is not held by the British Business Bank. Where loans have been taken out by companies, it is those companies that are responsible and any liability remains with the company entity, not individuals.

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