British Council: Loans
Commons · Question 17254 · Tabled 2 Dec 2024 · Foreign, Commonwealth and Development Office · Official record
Answered 6 Dec 2024
Question
Asked by Charlotte Nichols
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether the British Council has to repay its pandemic loan on commercial terms.
Answer
Answered by Hamish Falconer, 6 Dec 2024
The previous Government made available up to £200 million in loans during the Covid-19 pandemic to ensure the British Council remained solvent, to support restructuring, and to help the British Council return to surplus. The loan was made on commercial t...