To ask the Secretary of State for Business and Trade, what is the monetary value of Coronavirus Business Interruption Loans that have yet to be repaid, broken down by industry sector.
Answered on
9 March 2023
As of 31 December 2022, the outstanding balance for Coronavirus Business Interruption Loans that have yet to be repaid was £13.29 billion. A sector breakdown of this information is not available. 25.13% of facilities have been fully repaid, at a value of £7.15 billion.
The Coronavirus Business Interruption Loan Scheme delivered 109,877 loans worth £26.39 billion and closed on 31 March 2021. A breakdown of facilities by sector for Coronavirus Business Interruption Loans, to 2 July 2021, can be found on the British Business Bank website: https://www.british-business-bank.co.uk/press-release/analysis-of-final-coronavirus-loan-scheme-data-shows-79-3bn-of-loans-to-1-67m-businesses-evenly-distributed-across-whole-of-the-uk/