Case Study: Glasgow Engineer Banned for £100K Bounce Back Loan Abuse

COVID was a difficult time for businesses all over the UK as the pandemic brought unprecedented restrictions on the public and, therefore, limitations on UK businesses as well. The government was forced to step in to make sure that people were able to keep their businesses up and running whilst the coronavirus and subsequent lockdowns were taking place. This came in the form of a Bounce Back Loan Scheme.


The Bounce Back Loan Scheme made it so that businesses were given access to emergency finance throughout the pandemic. Organisations could claim up to £50,000 as part of their Bounce Back Loan, with the only condition being that it has to be used for the economic benefit of the business.



Though it might make sense for the bounce back loan to be used for the economic benefit of a business, there are a few problems in that there is no definition, and therefore, the guidelines on what the economic benefit of a business is are broad. As such, there are a lot of organisations who were unsure whether or not they were using it correctly.


Read Case Study for Glasgow Engineer Banned for £100K Bounce Back Loan Abuse 

Location: United Kingdom

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