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Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme

Question for Department for Business, Energy and Industrial Strategy

UIN 73916, tabled on 12 November 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government plans to account for future potential losses from Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme defaults according to his Department's default estimates for those schemes.

Answered on

22 November 2021

Accounting provision for losses and potential future losses for the Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme will be made in the Department’s 2020-21 Accounts, which will be published in due course.