Found: distributors, with most of its core members comprising small family -owned SMEs and Micro -businesses
Asked by: Lord Kamall (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the Written Answer by Lord Johnson of Lainston on 1 February (HL1695), what assessment they have made of the impact of not renewing the Recovery Loan Scheme on small businesses in deprived areas who have received loans from Community Development Financial Institutions after being turned down for loans from high street banks.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
Lenders are currently offering over £100 million of additional lending per month through the British Business Bank’s Recovery Loan Scheme (RLS), with 85 per cent of facilities going to small and micro businesses. RLS is particularly effective at serving alternative and social lenders, with more than three quarters of lending delivered through smaller lenders, including Community Development Financial Institutions (CDFI). Since launch, RLS has enabled almost £50 million of CDFI lending: over 90% of the businesses which borrowed from CDFIs in 2023 had been turned down by another lender, and half were based in the UK’s most disadvantaged areas.
Asked by: Lord Kamall (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the Written Answer by Lord Johnson of Lainston on 1 February (HL1695), what assessment they have made of the impact of not renewing the Recovery Loan Scheme on small businesses in deprived areas who have previously been turned down for loans by high street banks.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
Lenders are currently offering over £100 million of additional lending per month through the British Business Bank’s Recovery Loan Scheme (RLS), with 85 per cent of facilities going to small and micro businesses. RLS is particularly effective at serving alternative and social lenders, with more than three quarters of lending delivered through smaller lenders, including Community Development Financial Institutions (CDFI). Since launch, RLS has enabled almost £50 million of CDFI lending: over 90% of the businesses which borrowed from CDFIs in 2023 had been turned down by another lender, and half were based in the UK’s most disadvantaged areas.
Nov. 03 2023
Source Page: Planning Inspectorate spending over £250: August 2023Found: Costs REDACTED Micro 5106300068 PADS Fees and Expenses HG4 1UJ 3,594.12 DLUHC PINS 01/08/2023 PADS
Written Evidence Mar. 12 2024
Inquiry: Export-led growthFound: Lincolnshire is made up of 95% small and micro businesses.
Dec. 18 2023
Source Page: Energy efficiency in the UK manufacturing sectorFound: to 8% of micro and 13% of small manufacturers ).
Nov. 03 2023
Source Page: Planning Inspectorate spending over £250: September 2023Found: Costs REDACTED Small 5106301205 PADS Fees and Expenses WR9 0QE 2,127.06 DLUHC PINS 05/09/2023 Agency
Apr. 22 2024
Source Page: Sustainability Disclosure Requirements (SDR): RPC Opinion (Green-rated)Found: Research and analysis Sustainability Disclosure Requirements (SDR): RPC Opinion (Green-rated
Found: The proposed Tobacco and Vapes Bill is of grave concern to the future of our business and the many customers
Mar. 18 2024
Source Page: Smarter regulation non-financial reporting review: call for evidenceFound: The Department for Business and Trade (DBT), working with the Financial Reporting Council (FRC), the