Future Fund

(asked on 28th August 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 businesses have taken loans through the Future Fund scheme in each (a) nation and (b) region of the UK; and what proportion of the loaned money has gone to each (i) nation and (ii) region.


Answered by
Paul Scully Portrait
Paul Scully
Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)
This question was answered on 8th September 2020

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

Of the total amount of £588.3m, 17% is to companies headquartered in the South (South East and South West), 10% in the North (North West, North East and Yorkshire and the Humber), 8% in the East of England, 3% in the Midlands (East Midlands and West Midlands) and 3% in the Devolved Nations (Scotland, Wales and Northern Ireland). London accounts for the remaining 59% of companies. Further detail from the most recent update is available here: www.british-business-bank.co.uk/future-fund-publishes-diversity-data-of-companies-receiving-convertible-loan-agreements-3/.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
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