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unstar this property registered interest false more like this
star this property date less than 2019-07-18more like thismore than 2019-07-18
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Small Businesses: North Cornwall more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government-backed British business bank will help support small businesses in North Cornwall constituency. more like this
star this property tabling member constituency North Cornwall more like this
star this property tabling member printed
Scott Mann more like this
star this property uin 279103 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-31more like thismore than 2019-07-31
star this property answer text <p>We are committed to ensuring all small businesses have access to the support they need to succeed to start, grow, and scale their businesses.</p><p> </p><p>The Government-backed British Business Bank is there to make finance markets work better for small businesses at all stages of their development. The Bank’s programmes are currently supporting over £6.6bn of finance to over 89,000 smaller businesses (as at end-March 2019). The British Business Bank’s Start-Up Loans programme provides loans to entrepreneurs seeking to start and grow their own businesses. Since 2012, the programme has delivered almost 65,000 loans, worth nearly £511m to small businesses (as at end-June 2019).</p><p> </p><p>In North Cornwall specifically, since 2014 the Bank has supported over £5.75m of finance to over 180 smaller businesses (as of July 2019). 99 Start-Up Loans have been issued in North Cornwall, totalling £912,033. The Bank’s programmes will continue to support smaller businesses in North Cornwall.</p><p> </p><p>In June 2018, the British Business Bank launched the £40m Cornwall &amp; Isles of Scilly Investment Fund (CIOSIF) to provide debt and equity finance in this area. The fund has deployed £1.9m into 10 small businesses as at the end of May 2019.</p><p> </p><p>The Bank’s online Finance Hub helps small business owners identify potential sources of finance via the finance finder web tool. The Business Bank has also established a UK Network, with team members based within each of the English regions and the three Devolved Nations, including a representative for Cornwall and Isles of Scilly. The UK Network works with small business finance intermediaries to enhance business finance ecosystems across the UK, so smaller businesses, wherever they are, can grow and prosper.</p>
star this property answering member constituency Rochester and Strood more like this
unstar this property answering member printed Kelly Tolhurst remove filter
star this property question first answered
remove filter
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4496
star this property label Biography information for Scott Mann more like this