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1192071

registered interest
date	01/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Unions: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether Credit Unions in Northern Ireland are able to be accredited lenders under the Bounce Back Loan scheme.
tabling member constituency	Foyle
tabling member printed	Colum Eastwood
uin	42214
answer	answer is ministerial correction date of answer 06/05/2020 answer text <p>On 27 April, the Chancellor announced the Bounce Back Loans Scheme to ensure that the smallest businesses can access loans in a matter of days. The scheme launched on 4 May, offering loans from £2,000 up to £50,000, capped at 25% of firms’ turnover. The Government will provide lenders with a 100% guarantee on each loan, to give lenders the confidence they need to support the smallest businesses in the country. The Bounce Back Loans Scheme is open to businesses and lenders across the UK. Lenders in Northern Ireland interested in accreditation can enquire through the British Business Bank.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/05/2020 11:30:33 answering member 4051 label Biography information for John Glen
tabling member	4846 label Biography information for Colum Eastwood

1126824

registered interest
date	15/05/2019
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Credit Unions: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, when she next plans to visit Northern Ireland to discuss ways in which Credit Unions can expand their services.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	254751
answer	answer is ministerial correction date of answer 20/05/2019 answer text <p>In July 2018, as Minister for Pensions and Financial Inclusion I individually and collectively met with a number of Credit Unions in Northern Ireland as part of a roundtable event for key stakeholders and practitioners in this field. I look forward to returning to visit Northern Ireland soon.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 20/05/2019 14:39:02 answering member 4142 label Biography information for Guy Opperman
tabling member	1409 label Biography information for Mr Gregory Campbell

923131

registered interest
date	13/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Unions: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what lessons, if any, they have learnt from the credit union movement in Northern Ireland.
tabling member printed	Lord Kennedy of Southwark
uin	HL8595
answer	answer is ministerial correction date of answer 27/06/2018 answer text <p>The government remains committed to supporting credit unions, which provide vital services to financially under-served communities and contribute to the diversity of the UK’s financial services sector.</p><p> </p><p>Government engages closely with representatives of the credit union sector throughout the UK to understand how credit unions may best be supported. This includes speaking to Northern Ireland specific trade bodies and maintaining an ongoing relationship with the devolved Department for Economy in Northern Ireland to understand any issues specific to Northern Ireland’s credit union sector.</p><p>Government’s engagement with the credit union sector includes ongoing consideration of its legislative framework. For example, in 2014 Government conducted a Call for Evidence (‘British Credit Unions at 50’) on credit unions. Several respondents asked for changes to the legislation governing credit unions, and in its response, Government committed to actively consider legislative changes in the next Parliament. At Autumn Budget 2017, Government committed to raising the geographical common bond limit for credit unions from 2 to 3 million. This change came into effect in April 2018.</p><p>All changes to credit union legislation must be considered alongside the need to maintain an appropriate regulatory regime for credit unions. A looser legislative framework would likely require increased regulation which might be inappropriate for small, community based institutions.</p> answering member printed Lord Bates grouped question UIN HL8594 question first answered 27/06/2018 14:03:17 answering member 1091 label Biography information for Lord Bates
tabling member	4153 label Biography information for Lord Kennedy of Southwark