Using backing data to determine your proportion of the BEIS loanPosted on:
We’d like to confirm to Suppliers that LCCC have confirmed the amount of BEIS loan utilisation for the Quarterly Obligation Period 1 April 2020 to 30 June 2020 as £75,110,169 reducing the Supplier Obligation in the short term.
To support Suppliers in identifying how much reduction they will see in their Supplier Obligation, EMRS would like to illustrate how they can determine this using the CFD Quarterly Reconciliation process. This has been achieved without any changes being needed to either the EMR Settlement Systems or Suppliers systems.
We’ve issued ‘EMRC218: Using backing data to determine your proportion of the BEIS loan’ which provides full details on how to use the CFD Supplier Invoice Backing Data.