AQW 13592/17-22

Mr Stewart Dickson
Alliance Party
East Antrim

Tabled Date: 28/01/2021
Answered On Date: 10/02/2021
Priority Written: No

Question:
To ask the Minister for the Economy (i) to account for the increase in the Financial Transactions Capital loan write-off estimate, from £9 million in the October monitoring round to £10 million in the January monitoring round, associated with a Sustainable Poultry Litter project; and (ii) whether there is a risk of further credit loss associated with this scheme.

Answer:

Any potential credit losses are assessed on a regular basis, and it was deemed prudent to increase the Expected Credit Loss (ECL) cover for this project in the January monitoring round. As the scheme is ongoing, these assessments will continue and amendments made if necessary.