State of Play Archives

After a Review, the Regulatory Policy Committee Have Recommended That the Insolvency Service KEEP the Strike-Off Blocking Policy in Place for LTD Companies That Have Not Repaid a Bounce Back Loan

July 30, 2026

Back in 2021 the Government got Her Majesty, when she was alive, to sign into law a new Act, which closed a loophole that enabled Company Directors to get out of repaying a Bounce Back Loan. […]

How the Process for Finally Getting a Defaulted BBL Written Off Will Play Out Now the Government Have Agreed to Bring the Scheme to an End

July 26, 2026

Having been instrument in getting the Government to write off BBLs, in my meetings with the Covid Corruption Commissioner on the invitation of HM Treasury, I am pleased they have finally seen sense and have agreed to start the process to write off Bounce Back Loans. […]

Vulnerable BBL Borrowers and Those Who Made Use of a Bounce Back Loan Defaulter Discount Are Safe and Will See Their BBL Written Off

July 26, 2026

Just to put your mind at rest, I have been informed that anyone who indicated to their BBL Lender when informing them they couldn’t repay their loan that they were vulnerable are not going to be hounded for defaulting on it, and will soon get it written off, even it seems if it was blagged in the first place. […]

Investigators are Concentrating Their Main Efforts on Suspected Bounce Back Loan Fraud as Reported by Lenders and Uncovered by Data Matching

July 26, 2026

Having listened to what representatives from the Department for Business and Trade, which has just been merged with another department and is now called the “Department for Business, Innovation, Science and Trade” have said when they were dragged into a Public Account Committee Meeting, emphasis does appear to be on recovery action moving forward on the £1,882,930,000 that BBL Lenders have flagged as suspected fraud. […]

Watch as Steven Greenwood from the Department for Business and Trade Explains How the Government is Working on an “End State” for the Bounce Back Loan Scheme

July 6, 2026

Here is a response from the Department for Business and Trade regarding the Bounce Back Loan end state. […]