Exfarmer
Member
- Location
- Bury St Edmunds
How many used the facility? Apparently £47 billion was lent to 1.5 million business’s despite warnings that it was open to fraud.
17 billion is the estimate of how much will never be repaid thanks to borrowers defaulting.
3.5 -5 billion is believed to have been claimed fraudulently by organised gangs
The government is investing £30 million to try and reclaim some of this money, they are optimistic of getting £6million back
Was it such a goodinvestment?
17 billion is the estimate of how much will never be repaid thanks to borrowers defaulting.
3.5 -5 billion is believed to have been claimed fraudulently by organised gangs
The government is investing £30 million to try and reclaim some of this money, they are optimistic of getting £6million back
Was it such a goodinvestment?