The Bounceback Loan Scheme (BBLS) was launched at pace to keep British Business afloat throughout the Covid-19 crisis. Backed by the government, and with a focus on speed of payment, the true picture is only just emerging.
Over the last 12 months we've conducted post-award exposure analysis for two Tier 1 lenders to identify their full risk exposure to BBLS fraud defaults.
Both delivered approximately 3,000 loans, with values totallying in excess of £100 million each.
Using a unique blend of our public and private datasets we were able to identify systematic and casual fraud on an incredible scale.
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