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Is Bounce Back Loan Public funds ?

Only for the UK Skilled Worker visas, formerly known as Tier 2 visa route

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wanderer05
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Is Bounce Back Loan Public funds ?

Post by wanderer05 » Thu Jul 02, 2020 11:43 am

Hello,

I am on tier 2 General (Dependent) visa and work via my own company.

Am in process on applying for Bounce Back Loan and had a question on it,

1. Is it classified as public funds as do not want to apply for same as it might impact my on my ILR going down the line.

Any leads on same will be of great help, Many Thanks !

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CR001
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Re: Is Bounce Back Loan Public funds ?

Post by CR001 » Thu Jul 02, 2020 12:24 pm

https://www.immigrationboards.com/uk-ti ... 65-20.html
CR001 wrote:
Sun Mar 29, 2020 8:49 am
Zimba wrote:
Sun Mar 29, 2020 12:49 am
We shall see what UKVI will say on this. Just note that business grants are based on the circumstances of the people who run these businesses. Your immigration status may not be an issue as per rules but from a lender's point of view, you could be viewed as very high risk. What if they give you a grant and then you simply get up and leave ?! Business loans/grants are still subject to risk evaluation so your immigration status may play a role.
Updated guidance.

http://www.nrpfnetwork.org.uk/Documents ... tsheet.pdf

Bottom part page 7

5 Assistance for people who lose employment
The Government has announced a series of measures to help people who have are unable to work due to contracting coronavirus or having to self-isolate, or who have lost their employment or closed a business due to coronavirus. The following assistance can be claimed by a person who has no recourse to public funds (NRPF) when they meet the relevant requirements because none are considered to be ‘public funds’ for immigration purposes:

 Statutory Sick Pay (SSP)
 Contributory-based Employment and Support Allowance (ESA)
 Wages paid through the Coronavirus Job Retention Scheme (‘furloughed workers’)
 Assistance for businesses and people who are self-employed, as outlined in this government guidance
 Benefits that are listed here (under ‘work related benefits’) -> http://www.nrpfnetwork.org.uk/informati ... x#benefits

The following assistance cannot be claimed by a person who has no recourse to public funds (NRPF) because they are public funds for immigration purposes:
 Universal Credit
 Benefits on this list -> http://www.nrpfnetwork.org.uk/informati ... funds.aspx
Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

wanderer05
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Posts: 118
Joined: Mon Oct 09, 2017 10:09 am
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India

Re: Is Bounce Back Loan Public funds ?

Post by wanderer05 » Sat Jul 04, 2020 8:48 pm

Thanks for providing the information.

Sorry for being bit lame but does it mean Bounce Back Loan is something not classified as public funds ?

I was struggling to see the reference for same in link you provided.

Apologies for asking same thing again.

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