PARLIAMENTARY WRITTEN QUESTION
Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme (4 February 2021)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of (a) Coronavirus Interruption Business Loan applications and (b) Bounce Back Loan applications have been declined.

Asked by:
Esther McVey (Conservative)

A breakdown on the number of loans provided through the Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme, as of 24 January 2021, are provided in the table below.

Scheme	Number of Facilities Approved	Value of Facilities Approved	Total Number of Applications
Coronavirus Business Interruption Loan Scheme	87,529	£20.84 billion	201,343
Bounce Back Loan Scheme	1,471,001	£44.74 billion	1,953,564

The figures reported under the heading Total Number of Applications includes: approved applications; applications that are still to be processed; applications that have been declined; and applications that may turn out not to be eligible or cases where customers will decide not to proceed.

Decisions on whether to specifically capture information relating to declined loans are at the discretion of the lender.

Answered by:
Paul Scully (Conservative)
12 February 2021