Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many and what proportion of applications to the Future Fund scheme have been processed by the British Business Bank as at 24 March 2021; and how many and what proportion of those applicants have been notified of the decision taken by the British Business Bank on their applications as at that date.

As of 24 March 2021, 1,851 applications to the Future Fund had been received of which 100% had been processed. On that same date, 1,766 applicants (96% of the total) had been notified. ‘Processed’ in this context means that an application has been completed by a lead investor and the proposed investee company and has entered the next stage of checks.