Culture and Sports: Loans
The question
To ask the Secretary of State for Culture, Media and Sport, what discussions she has had with the (a) sports and (b) cultural sector on the repayment of Covid-19 loans by September 2025.
Answered by Stephanie Peacock
Loan financing was provided to organisations on favourable terms, tailored to meet the unique legal and financial circumstances of sporting and cultural organisations. The Government is clear that these loans must be repaid and, where necessary, steps will be taken to ensure the protection of taxpayer’s money.
DCMS remains in close contact with our loan agents, Sport England and Arts Council England, to ensure loans are repaid and borrowers comply with the terms of their loans. DCMS ministers regularly meet with stakeholders, and where appropriate we discuss loan repayments.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →