Asked by: Simon Jupp (Conservative - East Devon)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether she has made an estimate of the number and proportion of SMEs that have received funding from her Department in East Devon constituency in each of the last three years.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
The Department has a wide range of programmes and is pleased that the first of the new Regions and Nations Funds includes East Devon constituency. The new South West Investment Fund launched in July 2023 and has already invested £32,000 into Exeter Eyewear based at Exeter Science Park.
Through its business as usual programmes and Covid support schemes, the British Business Bank facilitated funding to the following number of businesses in East Devon in the last three years:
Asked by: Simon Jupp (Conservative - East Devon)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how much funding was provided to businesses through Coronavirus Business Interruption Loans in (a) 2020-21 and (b) 2021-22, broken down by industry sector.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
As of 31 December 2022, the outstanding balance for Coronavirus Business Interruption Loans that have yet to be repaid was £13.29 billion. A sector breakdown of this information is not available. 25.13% of facilities have been fully repaid, at a value of £7.15 billion.
The Coronavirus Business Interruption Loan Scheme delivered 109,877 loans worth £26.39 billion and closed on 31 March 2021. A breakdown of facilities by sector for Coronavirus Business Interruption Loans, to 2 July 2021, can be found on the British Business Bank website: https://www.british-business-bank.co.uk/press-release/analysis-of-final-coronavirus-loan-scheme-data-shows-79-3bn-of-loans-to-1-67m-businesses-evenly-distributed-across-whole-of-the-uk/
Asked by: Simon Jupp (Conservative - East Devon)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what is the monetary value of Coronavirus Business Interruption Loans that have yet to be repaid, broken down by industry sector.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
As of 31 December 2022, the outstanding balance for Coronavirus Business Interruption Loans that have yet to be repaid was £13.29 billion. A sector breakdown of this information is not available. 25.13% of facilities have been fully repaid, at a value of £7.15 billion.
The Coronavirus Business Interruption Loan Scheme delivered 109,877 loans worth £26.39 billion and closed on 31 March 2021. A breakdown of facilities by sector for Coronavirus Business Interruption Loans, to 2 July 2021, can be found on the British Business Bank website: https://www.british-business-bank.co.uk/press-release/analysis-of-final-coronavirus-loan-scheme-data-shows-79-3bn-of-loans-to-1-67m-businesses-evenly-distributed-across-whole-of-the-uk/