Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how many Investment Fund for Scotland applications have been (a) received and (b) approved for each of the funds administered by (i) DSL Business Finance, (ii) FSE Group and (iii) Maeven; and what was the average time taken to consider a funding application by (A) DSL Business Finance, (B) FSE Group and (C) Maeven.

The £150 million Investment Fund for Scotland was launched in November 2023 and provides debt and equity finance to Scottish businesses. Similar funds are available in Wales, Northern Ireland, and three regions of England. As at November 2024, the Investment Fund for Scotland had provided over £10 million of finance to 26 businesses. Updated information will be published by September 2025. The British Business Bank does not publish information on numbers of applications received or hold information on time taken to review applications. All investment decisions are taken by the fund managers who analyse the application and complete due diligence.