BBLs & CBILs

Government data suggests that UK companies have borrowed over £47 billion via Business Bounce Back Loans (BBL) and over £26 billion via Coronavirus Business Interruption Loans (CBIL) since the start of the pandemic. However, the National Audit Office recently estimated that at least a third of BBL may be defaulted, whilst The Department for Business estimated fraudulent loans accounted for nearly £5bn, suggesting the impact of the schemes will be felt for many years to come.

To get a better understanding of businesses’ views on the BBL and CBIL schemes, Savanta asked nearly 3,000 businesses, from start-ups right up to £1 billion turnover companies: When do you expect to start paying back your BBL/CBIL and how concerned are you about your business’s ability to payback?