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Written question asked by Gregory Campbell (Democratic Unionist Party) on Tuesday, 4 July 2023, in the House of Commons. It was due for an answer on Monday, 10 July 2023 (named day). It was answered by Andrew Griffith (Conservative) on Monday, 10 July 2023 on behalf of the Treasury.


Fair4All Finance: Northern Ireland

Question

To ask the Chancellor of the Exchequer, what recent progress his Department has made with Fair4All Finance on rolling out a no-interest loan scheme in Northern Ireland.

Answer

At Budget 2021, HM Treasury announced £3.8 million of funding to pilot a No Interest Loan Scheme (NILS), designed to help vulnerable consumers across all four nations of the UK who would benefit from affordable credit to meet unexpected costs.

This pilot is being run by Fair4AllFinance, in conjunction with their partners. Fair4AllFinance are continuing to roll out the pilot more widely and HM Treasury are working with them to meet our shared ambition to launch a pilot site in Northern Ireland.


Secondary information

Type
Written question
Reference
192271
Session
2022-23
Subjects
Northern Ireland Loans Fair4All Finance
Link
View this Written question on www.parliament.uk