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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what level of support the British Business Bank has provided to businesses in Scotland in each year since its establishment.

Since its establishment in 2014, the British Business Bank has facilitated over £27.6m to 684 Scottish businesses in the 2014/15 financial year (FY), over £81.9m to 1,484 Scottish businesses in FY 2015/16, over £267.5m to 1,895 Scottish businesses in FY 2016/17, and over £291.6m to 2,881 Scottish businesses in FY 2017/18. These figures include Start-up loans from 2014.

Since launching in 2012, the BBB Start-Up Loans programme specifically (which became part of the Business Bank in 2014) has issued over 3,500 loans in Scotland, averaging £7,200 each and worth over £25m in total.

The British Business Bank is a Limited Partner for the three largest VC funds in Scotland (SEP, PenTech, and Panoramic) with over £80m invested in innovative, high growth companies.