With billions of pounds of covid-related fraud, the Insolvency Service annual report showed that 831 directors were disqualified in 2023-24 for abuse and fraud over bounce back loans and other covid support programmes, against a total of 1,222 director bans.

Covid fraud was a priority for the Insolvency Service in 2023-24 with 62% of director bans solely related to misconduct and fraud related to bounce back loans and other covid schemes such as Eat Out to Help Out. In total, 831 directors were banned after investigations by the Insolvency Service in 2023-24 which found widespread Covid loan abuse.