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United Kingdom · Question · Written question

UIN 15366

Community Development Finance Institutions

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 February 2024

Last action

27 February 2024 · Answer

Status

Answered

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Discovery layer

Source updated

27 February 2024

Summary

To ask the Chancellor of the Exchequer, whether they plan to amend the £2.5 million lending cap for wholesale Community Development Finance Institutions lending to retail Community Development Finance Institutions using the Community Investment Tax Relief

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Timeline

  1. 22 February 2024

    Written question

    To ask the Chancellor of the Exchequer, whether they plan to amend the £2.5 million lending cap for wholesale Community Development Finance Institutions lending to retail Community Development Finance Institutions using the Community Investment Tax Relief

    Source: Commons

  2. 27 February 2024

    Answer

    At Spring Budget 2023, the government increased the amounts that Community Development Finance Institutions (CDFIs) can raise through the Community Investment Tax Relief (CITR) from £20 million to £100 million for wholesale CDFIs, and £10 million to £25 m...

    Source: Written answer

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