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

To ask Her Majesty's Government how many companies have been scrutinised following quarterly filing of management information under the Future Fund Scheme; and what details are required as part of that management information.

Companies receiving investment from the Future Fund did so under a Convertible Loan Agreement (CLA) on standard terms. Schedule 4 of the CLA specifies management information that the company is required to provide each quarter. The British Business Bank scrutinises all management information submitted by Future Fund companies.

The CLA is a public document, a copy of which is attached.