Bounce Back Loan Scheme
The question
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.
Answered by Gareth Thomas
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.
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