Recovery Loan Scheme: Charities

(asked on 14th October 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to (a) extend the Government's Recovery Loan Scheme beyond December 2022 for charities, (b) keep the charity small trading exemption at 25% and (c) treat stable grant and donation income as trading income.


Answered by
Dean Russell Portrait
Dean Russell
This question was answered on 21st October 2022

Charities are currently able to access the Recovery Loan Scheme by self-certifying that they have been impacted by Covid-19. Otherwise, they must derive at least 50 per cent of their turnover from trading activity to access the scheme.

All aspects of the Recovery Loan Scheme are under constant review to ensure that the scheme can meet its objectives.

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