PARLIAMENTARY WRITTEN QUESTION
Bounce Back Loan Scheme: Aberdeen (20 May 2020)
Question Asked
To ask the Chancellor of the Exchequer, how many businesses in Aberdeen have (a) applied and (b) been approved for a loan from the Bounce Back Loan Scheme.
Asked by:
Stephen Flynn (Scottish National Party)
Asked by:
Stephen Flynn (Scottish National Party)
Answer
The Bounce Back Loans Scheme (BBLS), which was launched on 4 May, helps the smallest businesses access loans of up to £50,000 within days.
HM Treasury carefully monitors the progress of the scheme, including by collecting data on applications and loans directly from accredited lenders. However, this data is commercially sensitive and provided in confidence by each lender, so can only be disclosed at an aggregate level.
Since its launch, lenders have approved over 464,000 Bounce Back Loans worth a total value of over £14bn. HM Treasury is now regularly publishing the total number and value of loans approved under the scheme.
Answered by:
John Glen (Conservative)
2 June 2020
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