British National Audit Office: DCMS Makes Progress in Recovering COVID-Era Sports and Culture Loans, But Long-Term Plan Needed
December 18, 2024
December 18, 2024
LONDON, England, Dec. 18 (TNSres) -- The British National Audit Office issued the following news release:
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* pound sterling474 million lent to 120 borrowers from the sports and culture sectors during the pandemic - first time DCMS has managed a significant loan book.
* 45% of solvent borrowers made at least one repayment by October 2024 - all solvent borrowers should make a first repayment by September 2025.
* DCMS has recovered 97% of rep . . .
* * *
* pound sterling474 million lent to 120 borrowers from the sports and culture sectors during the pandemic - first time DCMS has managed a significant loan book.
* 45% of solvent borrowers made at least one repayment by October 2024 - all solvent borrowers should make a first repayment by September 2025.
* DCMS has recovered 97% of rep . . .