Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what estimate he has made of the Investment Fund for Scotland management fees paid to (a) DSL Business Finance, (b) FSE Group and (c) Maeven (i) to date and (ii) during the life of the Fund.

The British Business Bank routinely commissions independent evaluations of its programmes to quantify their impact and an overall assessment of performance and value for money. An interim evaluation of the Investment Fund for Scotland (IFS) programme is expected to be commissioned during the first five years of the Fund’s operation. Fees paid to individual managers is commercially sensitive information and therefore not able to be published.