To ask the Secretary of State for Business, Energy and Industrial Strategy, how many applicants in (a) the Scottish Borders, (b) Scotland and (c) the UK have been granted loans under the Bounce Back Loan Scheme.
19 May 2020
The Bounce Back Loan Scheme (BBLS) has been introduced to help small and medium-sized businesses to borrow between £2000 and £50,000.
As of 10 May, over 268,000 loans have been issued in the UK with a total value of over £8.3 billion.
Issuing new loans is the priority for lenders and the British Business Bank and we are working to ensure that companies receive the full benefits from the support being provided.
At this time, we are unable to provide a breakdown of funding or number of applications by region. We are working with the British Business Bank, HM Treasury and the lenders on regular and transparent data publication going forward.