PARLIAMENTARY WRITTEN QUESTION
Coronavirus Business Interruption Loan Scheme: Civil Society (4 February 2021)

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will ensure that the successor loan scheme to the Coronavirus Business Interruption Loan Scheme will continue the exemption of creditworthy charities and social enterprises from the over 50 per cent trading criteria.

Asked by:
Kevin Hollinrake (Conservative)

Details on the terms of the successor loan scheme will be announced in due course.

The Government takes very seriously the economic impact of Covid-19 on charities and social enterprises.

However, I can confirm that the Coronavirus Business Interruption Loan Scheme does not feature different guarantee levels (either for individual loans or at the portfolio level) for charities and social enterprises.

Answered by:
Paul Scully (Conservative)
9 February 2021