No-interest Loans Scheme: Northern Ireland

(asked on 1st May 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he expects the pilot No Interest Loan Scheme run by Fair4AllFinance to be launched in Northern Ireland before the end of the calendar year.


Answered by
Bim Afolami Portrait
Bim Afolami
Economic Secretary (HM Treasury)
This question was answered on 7th May 2024

The government funded No Interest Loan Scheme (NILS) is being run by Fair4AllFinance, in conjunction with their partners. The pilot is designed to test the impact that NILS could have on addressing the needs of vulnerable consumers across the UK.

Fair4AllFinance have now rolled out the pilot in England, Scotland and Wales. Fair4AllFinance will continue to engage closely with stakeholders, including the Northern Ireland Executive, in an effort to deliver our shared ambition to launch a pilot site in Northern Ireland.

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