Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent progress his Department has made with Fair4All Finance on rolling out a no-interest loan scheme in Northern Ireland.

At Budget 2021, HM Treasury announced £3.8 million of funding to pilot a No Interest Loan Scheme (NILS), designed to help vulnerable consumers across all four nations of the UK who would benefit from affordable credit to meet unexpected costs.

This pilot is being run by Fair4AllFinance, in conjunction with their partners. Fair4AllFinance are continuing to roll out the pilot more widely and HM Treasury are working with them to meet our shared ambition to launch a pilot site in Northern Ireland.