No-interest Loans Scheme: Northern Ireland

(asked on 30th November 2022) - View Source

Question to the Northern Ireland Office:

To ask the Secretary of State for Northern Ireland, if he will have discussions with the Chancellor of the Exchequer on the roll-out of a pilot No Interest Loan Scheme in Northern Ireland.


Answered by
Steve Baker Portrait
Steve Baker
Minister of State (Northern Ireland Office)
This question was answered on 5th December 2022

The Government has provided £3.8 million of funding to Fair4All Finance to pilot the No Interest Loan Scheme, which will help consumers in vulnerable circumstances to access affordable credit. These loans will be administered by Credit Unions, Community Development Finance Institutions and other lending organisations. HM Treasury are working with Fair4All Finance to facilitate the launch of the pilot in Northern Ireland and my officials will support HM Treasury in exploring the prospect of a quicker rollout in Northern Ireland.

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