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tabling member printed	Lord Sikka
house id	2
answering body	Department for Business%2C Energy and Industrial Strategy
min answer › question first answered	2019-05-15T12:39:20.147Z
answer › attachment › file name	BEIS Annual Reports and Accounts 2020-2021.pdf

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answering body

answering dept id

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legislature


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question text

tabling member printed

uin

answer

is ministerial correction

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answering member printed

question first answered

answering member


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attachment


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tabling member


label

1385210

registered interest

date

06/12/2021

answering body

Department for Business, Energy and Industrial Strategy

answering dept id

201

answering dept short name

Business, Energy and Industrial Strategy

answering dept sort name

Business, Energy and Industrial Strategy

hansard heading

Coronavirus: Loans

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government what estimates they have made of the (1) number, and (2) value, of loans under the various coronavirus schemes which are deemed irrecoverable; and what are the reasons for them being irrecoverable.

tabling member printed

Lord Sikka

uin

HL4742

answer

is ministerial correction

date of answer

22/12/2021

answer text

<p>Estimates can be found in the Department’s latest Annual Report and Accounts (copy attached). The Department has set out its estimates of losses expected through the three COVID-19 loan schemes and associated guarantees in note 19 to the accounts. While it is too early to give a definitive view of what the final level of irrecoverable debt will be, early repayment data is encouraging compared against the worst-case scenarios described in some published estimates.</p>

answering member printed

Lord Callanan

question first answered

22/12/2021 15:53:44

answering member

4336

label	Biography information for Lord Callanan

attachment

1

file name	BEIS Annual Reports and Accounts 2020-2021.pdf
title	BEIS Annual Reports and Accounts 2020-21

tabling member

4885

label	Biography information for Lord Sikka