Business Improvement Districts: Loans
(asked on 11th October 2016) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what loans have been issued for what purposes to Business Improvement Districts in each (a) region of the UK and (b) local authority area in each of the last two years; and if he will make a statement.
The Government is committed to Business Improvement Districts and the impact they have on their local areas.
We are keen to see the setting up of more Business Improvement Districts and we recognise that their development requires up front expenditure. In October 2013 we launched a £500,000 recyclable loan fund and have supported 20 areas with loans totalling £658,555. In the last two years the following loans have been issued to areas requesting support in setting up a Business Improvement District:
Area | Amount | Region | Local Authority |
Cheltenham | £35,000 | South West | Cheltenham Borough Council |
Eastbourne | £41,000 | South East | Eastbourne Borough Council |
Hastings | £31,400 | South East | Hastings Borough Council |
Hexham | £40,000 | North East | Northumberland County Council |
Leicester | £50,000 | East Midlands | Leicester City Cuncil |
Lichfield | £20,000 | West Midlands | Lichfield District Council |
Milton Keynes | £35,000 | South East | Milton Keynes Council |
Oxted | £30,000 | South East | Tandridge District Council |
Poole | £42,000 | South West | Poole Borough Council |
Purley | £10,000 | Greater London | London Borough of Croydon |
Runcorn | £27,000 | North West | Halton Borough Council |
Watford | £49,822 | East of England | Hertfordshire Borough Council |
York | £30,000 | Yorkshire and Humber | York City Council |