Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much funding has been allocated to the provision of interest-free loans as announced in Budget 2018; and when the first such loans will be made available.

At Budget 2018, the Government announced that it will carry out a study into the feasibility of establishing a no-interest loans scheme in the UK, and design a pilot.

The feasibility study, which will be launched this year, will examine issues such as access, eligibility and funding models and help to determine how a pilot could work.