No-interest Loans Scheme: Northern Ireland
(asked on 13th October 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans that the pilot No Interest Loan Scheme will be launched in Northern Ireland.
This question was answered on 18th October 2023
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. It is HM Treasury’s clear expectation that they shall launch a pilot site in Northern Ireland.