Business: Coronavirus

(asked on 21st July 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many applications have been received for the coronavirus future fund from companies in (a) Hounslow, (b) Scotland, (c) Wales and (d) each region of England.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 1st September 2020

On 18th August 2020 the British Business Bank published updated Future Fund data which gives a regional breakdown of 590 companies that have been approved for £588.3 million.

In England, a total of 562 loans have been approved at a value of £573.1m since the scheme was launched 20 May. In the North West, 29 loans have been approved, worth £27.6m, and in Yorkshire and the Humber 19 loans have been approved, worth £14.6m. In the North East 21 loans have been approved at a value of £19.5m, and in the West Midlands 17 loans have been approved at a value of £15.6m. In the East Midlands, 4 loans have been approved at a value of £2.1m and in the East of England 43 loans have been approved at a value of £45m. Furthermore, in the South West 21 loans have been approved at a value of £12.9m and in the South East 76 loans have been approved, worth £89.5m.

This data is only available at regional level and not constituency level; therefore, figures for Hounslow are unavailable. However, in London 332 loans have been approved at a value of £346.3m. In Scotland, 11 loans have been approved at a value of £4.1m and in Wales, 12 loans have been approved, at a value of £6.1m.

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