PARLIAMENTARY WRITTEN QUESTION
Bounce Back Loan Scheme: Repayments (31 January 2022)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the total (a) number and (b) value of Bounce Bank Loan Scheme loans are where borrowers have (i) made repayments as scheduled and (ii) not started repayments.

Asked by:
James Wild (Conservative)

As of 31 May 2021, 1,560,309 Bounce Back Loans had been approved by accredited lenders, to the value of £47.36bn.

Because many borrowers are using “Pay as You Grow” options, it is not possible to provide a definitive figure for on-schedule payments for the Bounce Back Loan Scheme (BBLS). However, latest figures show that £2.04bn, or 4% of total facilities, have been repaid in full.

Answered by:
Paul Scully (Conservative)
8 February 2022