The Government scheme offering loans to help businesses through the pandemic is being wound up at the end of this month.
It was launched last May and has lent nearly £4 million to around 70 Jersey businesses in that time.
The Treasury Minister, Deputy Susie Pinel, says as only an 'extremely low' number of applications were received in the second half of this year, the loans appear to no longer be needed:
"Given the extremely low use of the Scheme during the second half of 2021, as banks have been able to lend through normal lending criteria, it is clear that the BDLGS is no longer required to support the provision of credit to local businesses. The Scheme will therefore close on 31 December 2021.
Deputy Susie Pinel
Jersey Business remain available to assist local companies who wish to understand the commercial borrowing options which may be available to them."
All other covid support measures are due to continue until the end of March next year.
Draft law scraps time limits on abortions in Jersey
Divide over approach to gender guidance in schools
Three charities awarded £500 grants in community campaign
Ministers back principle of social media 'restrictions' for under 16s
Passengers rerouted through Jersey Airport departures
A total ban on disposable vapes in Guernsey and Jersey is poised to take full effect
Islanders with COVID-19 symptoms reminded to avoid the hospital
2025 was the fourth warmest year on record
