PARLIAMENTARY WRITTEN QUESTION
Business: Coronavirus (28 January 2022)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many businesses that received (a) bounce back loans, (b) coronavirus business interruption loans, and (c) coronavirus large business interruption loans are no longer trading.

Asked by:
Pat McFadden (Labour)

The British Business Bank does not capture this information as part of its data recording. However, the Department has been objecting to strike-off proposals from companies that have outstanding government-backed loans. This policy was launched on the Bounce Back Loan Scheme in April 2021 and was extended to include CBILS, CLBILS and RLS in August 2021.

Through the bulk objection scheme, 63,968 companies have been prevented from striking off whilst holding a BBLS, CBILS, RLS or Future Fund facility. These facilities are worth £2.2 billion in total.

Answered by:
Paul Scully (Conservative)
4 February 2022