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British Council: Loans

Question for Foreign, Commonwealth and Development Office

UIN 51743, tabled on 20 September 2021

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will publish the terms and conditions of the loan imposed by her Department on the British Council.

Answered on

23 September 2021

The FCDO has provided a £100million loan to support the British Council's restructuring plan. The loan was made in line with the Market Economy Operator Principle to ensure the UK government complied with state aid regulation and the terms were commercially comparable. As these loans are intended to support the Council's commercial operations, assessments have been conducted on the British Council's financial data and credit worthiness to ensure the terms are in line with those which any private operator would provide.

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