Rate of Defaults on the Bounce Back Loan Scheme

January 29, 2021 British Business Bank FOI Requests

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This FOI Request was sent into the British Business Bank on the 14th of July 2020 was answered by them on the 15th of September 2020.

The question asked was fairly straightforward that being what the default rate is on loans taken out as part of the Bounce Back Loan scheme. Below you will find their official response.