Budgeting Loans

(asked on 3rd July 2015) - View Source
Questioner
Stephen Timms Portrait
Stephen Timms
(Labour - East Ham)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how many applications for budgeting loans were approved in each month from June 2014.

Answered by
Justin Tomlinson Portrait
Justin Tomlinson
This question was answered on 8th July 2015

Table 1 shows the number of Budgeting Loan awards made monthly by the Department for Work and Pensions between June 2014 and May 2015.

Table 1: Budgeting Loan Awards, June 2014 to May 2015

Month

Initial
Awards

Jun-14

79,000

Jul-14

92,200

Aug-14

63,300

Sep-14

74,600

Oct-14

109,300

Nov-14

112,800

Dec-14

116,200

Jan-15

52,900

Feb-15

65,800

Mar-15

77,200

Apr-15

76,900

May-15

74,700

Notes

· These figures do not include applications which were processed clerically and have not been entered on to the Social Fund Computer System.

· These figures do not include awards made after review, reconsideration or appeal following an initial refusal.

· These figures should not be compared directly with the number of applications received by the Department in these months. Some applications are withdrawn before a decision is made. In addition, cases take an average of 7 working days to be processed so an application and corresponding award may be recorded in different months.

· All figures are rounded to the nearest 100.

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