questionText: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of (a) pubs and (b) other hospitality businesses extending their Bounce Back Loans for (i) an additional five years beyond the current maximum limits and (ii) at the same rate of interest.
answerText: Pay As You Grow (PAYG) was introduced to give businesses that borrowed under the Bounce Back Loan Scheme (BBLS) greater flexibility, including extended repayment terms and short-term interest only payments. The Department’s multi-year published evaluation...
heading: Bounce Back Loan Scheme: Hospitality Industry