Question to the Department for Business and Trade:

To ask His Majesty's Government, with reference to HM Treasury: 2023 COVID-19 Cost Tracker update, published 20 July 2023, whether they will provide a breakdown of the £258 million estimated lifetime cost of the administration of the Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, Recovery Loan Scheme and the Future Fund (ID421), including how much of this expenditure has been incurred to date, and how they expect the remaining expenditure to be allocated.

It is not possible to provide a breakdown of the original £258 million estimated lifetime cost of the administration of the Covid Support Schemes. This figure was previously provided by former BEIS prior to 2023 Machinery of Government changes. An assessment of the breakdown would require exceeding the advisory cost limit or “disproportionate cost threshold” for the Department. As a result, it is also not possible to provide an estimate of the expenditure occurred to date, and the expected remaining expenditure to be allocated, based on previous modelling.