Question to the Ministry of Defence:
To ask the Secretary of State for Defence, how much revenue his Department has generated from interest rate payments from small and medium-sized enterprises for loans to fund defence projects in each year since 2015.
The Ministry of Defence has a single loan arrangement that has generated interest rate payments This has only been in place since August 2021 and generated the payments outlined below. There have been no other loans that have generated interest payments since 2015.
Financial Year | 2021-22 | 2022-23 (as at 31 Oct 22) | ||
Working Capital Facility (WCF) Agreement with Sheffield Forgemasters International Limited - Commitment Fees/Interest | £139,429.26 | £84,923.16 |