To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to (a) extend the Government's Recovery Loan Scheme beyond December 2022 for charities, (b) keep the charity small trading exemption at 25% and (c) treat stable grant and donation income as trading income.
Answered on
21 October 2022
Charities are currently able to access the Recovery Loan Scheme by self-certifying that they have been impacted by Covid-19. Otherwise, they must derive at least 50 per cent of their turnover from trading activity to access the scheme.
All aspects of the Recovery Loan Scheme are under constant review to ensure that the scheme can meet its objectives.
Answered by
Department for Business, Energy and Industrial Strategy