British Business Bank: Loans
(asked on 8th January 2018) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how much loan funding was provided by the British Business Bank by NUTS 1 region in each year since 2013-14.
The British Business Bank provides funds and guarantees to private sector partners, enabling them to finance a greater number of smaller businesses (either through debt or equity).
Additionally the Bank delivers a number of regional funds including Northern Powerhouse Investment Fund and Midlands Engine Investment Fund, and anticipates the launch of Cornwall & Isles of Scilly Fund in Spring 2018. These funds include a mixture of debt and equity funding.
The following tables shows figures for debt programmes for each FY since 2013/14:
BBB flow of debt funding by FY* | |||||
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| FY 2013/14 | FY 2014/15 | FY 2015/16 | FY 2016/17 |
| East Midlands | 72,386,366 | 140,250,914 | 308,530,985 | 183,988,271 |
| East of England | 143,190,179 | 55,802,099 | 424,220,179 | 400,741,313 |
| London | 1,038,250,763 | 776,330,176 | 1,038,618,734 | 1,670,112,945 |
| North East | 193,138,738 | 37,732,958 | 43,427,554 | 218,883,429 |
| North West | 201,053,761 | 351,155,990 | 430,621,254 | 326,036,311 |
| South East | 341,467,807 | 609,890,567 | 701,148,582 | 377,032,104 |
| South West | 141,141,660 | 70,948,681 | 180,186,344 | 232,027,294 |
| West Midlands | 146,797,170 | 229,676,477 | 243,970,679 | 347,596,847 |
| Yorkshire and Humber | 450,408,230 | 189,189,923 | 561,138,552 | 319,446,648 |
CTD | Devolved Admins and Other | ||||
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| FY 2013/14 | FY 2014/15 | FY 2015/16 | FY 2016/17 |
| Scotland | 90,299,306 | 55,354,003 | 65,638,590 | 244,079,333 |
| Wales | 25,764,981 | 40,634,299 | 227,020,046 | 83,795,193 |
| Northern Ireland | 8,057,260 | 11,916,650 | 14,704,296 | 15,588,272 |
| Not Available | 1,559,500 | 3,155,090 | 180,514,809 | 36,264,010 |
| Total | 2,853,515,720 | 2,572,037,827 | 4,419,740,604 | 4,455,591,970 |
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| * Includes all Investment programme figures for each FY, which will include equity funding. | ||||
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| * Figures included from the following programmes: Enterprise Finance Guarantee, H2G, Investment Programme and ENABLE programmes | ||||
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| * The SUL programme is included on a separate tab as the Bank is unable to produce figures matching NUTS1 boundaries | ||||
STARTUP LOAN CO. flow of lending by FY* | ||||
| FY 2013/14 | FY 2014/15 | FY 2015/16 | FY 2016/17 |
East Midlands | 3.99 | 3.24 | 3.65 | 5.00 |
East of England | 4.09 | 4.17 | 3.86 | 6.28 |
London | 24.36 | 16.13 | 15.10 | 20.17 |
North East | 3.27 | 2.85 | 3.33 | 4.89 |
North West | 10.63 | 7.65 | 6.13 | 9.55 |
South East | 6.20 | 6.06 | 5.59 | 8.45 |
South West | 4.05 | 6.21 | 6.03 | 8.24 |
West Midlands | 5.25 | 5.74 | 5.79 | 7.94 |
Yorkshire and Humber | 5.50 | 5.20 | 5.75 | 8.31 |
Scotland | 0.85 | 4.04 | 3.98 | 6.16 |
Wales | 1.29 | 4.05 | 3.87 | 4.77 |
Northern Ireland | 0.35 | 1.19 | 1.05 | 1.48 |
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Total | 69.84 | 66.53 | 64.11 | 91.25 |
* the geographical boundaries used to report lending in this table differ slightly from the NUTS1 definition. | ||||