Recovery Loan Scheme
(asked on 17th January 2024) - View Source
Question to the Department for Business and Trade:
To ask His Majesty's Government whether they plan to extend the Recovery Loan Scheme which is due to expire in June; and if so, when this will be announced, and when it will be extended until.
This question was answered on 1st February 2024
As at 30 June 2023, businesses had drawn more than 20,000 facilities, totalling more than £4.34bn, through the Recovery Loan Scheme.
We are consulting with lenders and business representative organisations on how best to continue to support businesses, including on the role of a government-backed loan guarantee scheme. Any such scheme would be announced in Parliament in due course.