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<p>In relation to the £2.5 billion of new funding for BBB’s Patient Capital Programme
(BPC), this is not allocated on a regional basis but rather is a programme which operates
nationally and will make investments wherever suitable opportunities arise.</p><p>
</p><p>Across the UK, programmes operated by the Government-owned British Business
Bank are currently supporting over £5.2 billion of finance to more than 74,000 smaller
businesses. Additionally, since 2012 the Start-Up Loans programme has delivered more
than 55,000 loans, totalling over £415m. While it is not possible to say precisely
how much of this finance has been allocated to South Yorkshire, by way of example,
the British Business Bank’s Northern Powerhouse Investment Fund has provided £11,478,500
to businesses in the area covered by the Doncaster, Rotherham, Barnsley and Sheffield
local authorities up until March 2018.</p>
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