To ask Her Majesty's Government what plans they have to introduce a permanent replacement to the Recovery Loan Scheme to support cashflow.
Answered on
12 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.
Answered by
Department for Business, Energy and Industrial Strategy