Evaluation of the COVID-19 Loan Guarantee Schemes (Year 3 Report)

In March 2021 BBB commissioned London Economics and Ipsos to undertake a three-year evaluation of the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loan Scheme (CLBILS).

This report provides findings from the third year of this evaluation, which consists of four main parts. The first of these is an economic evaluation which assesses the overall benefits and costs of the schemes. The second is a process evaluation aiming to assess the processes adopted to deliver the three Covid-19 Loan Guarantee Schemes. The third is an impact evaluation providing estimates of the schemes’ impacts on borrower-level economic outcomes in the third year of the pandemic. The fourth and final is a secondary analysis of key results from the impact evaluation presented in the second year report.