Bounce Back Loan Scheme
(asked on 3rd July 2020) - 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 companies in receipt of a Bounce Back Loan have (a) ceased trading and (b) entered into administration.
This question was answered on 13th July 2020
As of 5 July, over 1 million loans have been issued under the Bounce Back Loan Scheme (BBLS), with a total value of £31 billion.
We are currently unable to provide a breakdown on the number of companies in receipt of a Bounce Back Loan that have ceased trading and entered into administration.