PARLIAMENTARY WRITTEN QUESTION
Bounce Back Loan Scheme (30 August 2024)

To ask the Secretary of State for Business and Trade, what the cost to the public purse was of the Bounce Back Loans scheme; what proportion of the loans have been (a) returned and (b) written off; and whether all data related to the scheme has been recorded in OSCAR II.

Asked by:
Rupert Lowe (Reform UK)

Businesses have drawn a total of £46.59 billion under the Bounce Back Loan Scheme. 12.97% of facilities by volume have been repaid and 59.44% of facilities by volume are on schedule. 19.77% of facilities by volume have been settled under the Government guarantee. The Department publishes performance data on the COVID-19 loan guarantee schemes on a quarterly basis.

The final year-end outturn is recorded in OSCAR II for years 22-23 and prior. The 23-24 data is still pending final updates based on the finalisation of DBT’s accounts for 23-24.

Answered by:
Gareth Thomas (Labour)
13 September 2024