Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme

(asked on 12th November 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, how the Government plans to account for future potential losses from Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme defaults according to his Department's default estimates for those schemes.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 22nd November 2021

Accounting provision for losses and potential future losses for the Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme will be made in the Department’s 2020-21 Accounts, which will be published in due course.

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