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 loans have been issued under the Bounce Back Loan Scheme.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 13th July 2020

The Bounce Back Loan Scheme (BBLS) has been introduced to help small and medium-sized businesses to borrow between £2000 and £50,000.

As of 5 July, 1,013,410 loans have been approved under the BBLS, with a total value of £30.93 billion. Banks are reporting that the average loan is around £30,000.

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