Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Innovation and Skills, how many applications have been approved by the Start-up Loan Company in each of the last five years.
Since the Start Up Loans Company was established in September 2012, the Start-up Loans Company has approved a total of 36,960 applications. A breakdown of applications granted in each of the past four financial years since the Company began is set out below.
| SULCo Loans Approved | |
Financial Year | Volume | Value |
2012-2013 | 2,565 | £13,922,757 |
2013-2014 | 13,431 | £74,218,127 |
2014-2015 | 13,658 | £68,344,871 |
2015-2016 (up to December 2015) | 7,306 | £50,235,681 |