Crowdfunding

(asked on 8th September 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 September 2017 to Question 6055, on crowdfunding, how much of the £120 million channelled by the British Business Bank to UK businesses through peer-to-peer platforms has been allocated to businesses which employ fewer than (a) 50 and (b) 10 people.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 13th September 2017

We do not currently collect data on 'employee number' from delivery partners who provide peer-to-peer lending. We are unable to obtain robust data because it is not included in the mandatory information required by some peer-to-peer delivery partners when lending through their platforms.

However, by their very nature, the vast majority of lending will be to organisations that have less than 50 employees.

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