Recovery Loan Scheme
(asked on 27th June 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to introduce a permanent replacement to the Recovery Loan Scheme to support cashflow.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 12th July 2022
As of the end of March 2022, the Recovery Loan Scheme has provided over £3.4bn of finance to more than 15,000 businesses.
We are consulting with lenders and business representative organisations on how best to continue to support businesses, including on the role of a government-backed loan guarantee scheme. Any such scheme would be announced in parliament in due course.