Future Fund: Applications
(asked on 8th February 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to his Answer of 8 February to Question 148706, how many (a) applications and (b) successful applications for investment support have been made to the Future Fund scheme by firms located in (i) London, (ii) the South East and (iii) Yorkshire and the Humber.
The British Business Bank regularly publishes Future Fund data by location on its website. As of the 28th January, Future Fund applications data is as follows:
| Total Number of Application | Number of Applications Approved To Date | Proportion of Application Approved To Date |
London | 939 | 606 | 65% |
South East | 181 | 122 | 67% |
Yorkshire and the Humber | 50 | 31 | 62% |
The Future Fund uses a set of standard terms with published eligibility criteria. Applications that meet all the eligibility criteria receive investment, irrespective of location.
The total number of applications includes those which were declined and withdrawn, and those applications which are still being considered.