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United Kingdom · Question · Written question

UIN 133036

Bounce Back Loan Scheme

answeredUnited Kingdom· UK Parliament· EN

Introduced

30 December 2020

Last action

11 January 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

11 January 2021

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, prior to announcing the Bounce Back Loan Top Up facility in November 2020, what estimate he had made of how many businesses had already taken out a Bounce Back Loan and (a) would

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Timeline

  1. 30 December 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, prior to announcing the Bounce Back Loan Top Up facility in November 2020, what estimate he had made of how many businesses had already taken out a Bounce Back Loan and (a) would

    Source: Commons

  2. 11 January 2021

    Answer

    The Government has amended the scheme rules to allow those businesses who have borrowed less than their maximum loan (the lower of 25% of their turnover or £50,000) to top-up their existing loan. We understand that some businesses didn’t anticipate the di...

    Source: Written answer

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