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Bounce Back Loan Scheme

Asked by Tom GordonLiberal DemocratDepartment for Business and TradeTabled Answered 27 May 2026UIN 2155

The question

To ask the Secretary of State for Business and Trade, what steps he is taking to reduce the time taken by his Department to prevent company directors from voluntarily striking off non‑trading companies due to unresolved Bounce Back Loan cases; and what coordination exists with Companies House to ensure that businesses are able to be formally closed and do not incur additional administrative fees.

Answered by Blair McDougall

The Department for Business and Trade, Companies House, and the Cabinet Office have a clear and joined up approach to raising and withdrawing objections to voluntary dissolution. To ensure businesses are able to close without incurring additional administrative fees, Companies House acts quickly to remove objections when it is advised to do so through regular updates and specific requests.

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