Investigation into the Bounce Back Loan Scheme

This NAO investigation is one of a series of National Audit Office (NAO) reports considering government’s response to the COVID-19 pandemic. The Bounce Back Loan Scheme (the Scheme) provides registered and unregistered businesses with loans of up to £50,000, or a maximum of 25% of annual turnover, to maintain their financial health during the pandemic.

The Scheme launched on 4 May and will be open until 30 November, with government retaining the right to extend the Scheme.