Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
Commons · Question 1862 · Tabled 25 Jul 2024 · Department for Business and Trade · Official record
Answered 2 Aug 2024
Question
Asked by Luke Charters
To ask the Secretary of State for Business and Trade, what recent estimate his Department has made of the level of credit losses arising from fraudulent loans provided through the (a) Bounce Back Loans Scheme and (b) Coronavirus Business Interruption Loan
Answer
Answered by Gareth Thomas, 2 Aug 2024
As at March 2024, £1.51 billion has been paid out on the government guarantee on BBLS loans where there was lender reported suspected fraud, and £19.8 million has been paid out on the government guarantee on CBILS loans where there was lender reported sus...