Loans: Interest Rates
(asked on 13th May 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent progress has been made on the pilot no-interest loan scheme; and whether that scheme will operate in Northern Ireland.
This question was answered on 18th May 2021
At Budget 2021, the Government announced up to £3.8 million of funding to support a pilot No-Interest Loans Scheme. The Government has been working closely with stakeholders, including with Devolved Administrations, to facilitate the pilot. An independent organisation will deliver the pilot. Further details, including the territorial extent of the pilot, will be announced in due course.