Bounce Back Loan Scheme: Fraud

Summary

To ask His Majesty's Government, further to the Department for Business and Trade annual report and accounts 2023 to 2024, published on 24 April (HC 391), what evidence supports the decision to reduce the estimated 9.7 per cent fraud and error incidence r

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Timeline

1. 3 June 2025

   Written question

   To ask His Majesty's Government, further to the Department for Business and Trade annual report and accounts 2023 to 2024, published on 24 April (HC 391), what evidence supports the decision to reduce the estimated 9.7 per cent fraud and error incidence r

   Source: Lords

2. 17 June 2025

   Answer

   On 30 January, the Department for Business and Trade published its annual report and accounts for 2023/2024.The report states that the “fraud and error incidence rate” in the Bounce Back Loan Scheme (BBLS) has increased from 8.0% at 31 March 2023 to 9.7% ...

   Source: Written answer

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• · Department for Business and Trade · Answering body

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