Chantelle Haworth, 31, claimed a government coronavirus bounce back loan (BBL) after misrepresenting the annual turnover of her business, government agency The Insolvency Service found. The BBL was a scheme put in place to help small and medium-sized businesses take out a loan of up to £50,000 to help them through the pandemic. Mrs Haworth, of Rochdale Road, Bury, was a director of Your Everlasting Rose (Rose) and misrepresented her company’s annual turnover by 44 times its real amount to secure the loan. The Insolvency Service said the co-director of the company applied for the BBL, stating the company’s turnover was £160,000 in 2019, when the real figure was just £3,591. "Under the BBL scheme, the minimum loan amount available was £2,000 which required a turnover of £8,000.

Source: The Times December 14, 2023 05:43 UTC