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Trade Credit Reinsurance Scheme

Question for Department for Business, Energy and Industrial Strategy

UIN 1323, tabled on 14 May 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the (a) potential merits of an extension to the Trade Credit Reinsurance Scheme beyond 30 June 2021 and (b) potential effect of that extension on the hospitality sector.

Answered on

24 May 2021

The Trade Credit Reinsurance Scheme has successfully supported over half a million businesses across a range of different sectors to keep trading throughout the pandemic.

The Government is working closely with businesses and participating insurers to ensure businesses continue to be able to access appropriate levels of credit insurance coverage to support economic recovery.