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1535939
registered interest false more like this
date less than 2022-10-25more like thismore than 2022-10-25
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Business: Debts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of trends in the regional spread of business debt in (a) each of the last five years, (b) during the covid-19 outbreak and (c) during the cost of living crisis. more like this
tabling member constituency Coventry North East more like this
tabling member printed
Colleen Fletcher more like this
uin 71098 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-10-28more like thismore than 2022-10-28
answer text <p>The Department monitors regional trends in business lending through the British Business Bank (BBB), the SME Finance Monitor survey, and the trade associations UK Finance and Responsible Finance. The BBB’s three regional funds support access to debt and equity finance in Cornwall, the Northern Powerhouse and Midlands Engine, including Coventry.</p><p> </p><p>The regional spread of business debt broadly reflects national demand for business lending and the regional distribution of the business population. Differences within regions are more significant, with Community Development Finance Institutions playing a valuable role in enabling access to debt finance for businesses in under-served areas.</p><p> </p><p>According to the SME Finance Monitor, the proportion of all SMEs using external finance was 38% in Q2 2022, down from the 45% using finance in Q2 2021 and in line with pre-pandemic levels. Use of debt finance is higher for SMEs trading internationally and those with plans to grow. The majority (86%) of SMEs are in the category of ‘happy non-seekers’ of finance, meaning that they have either no debt or a level of borrowing that they consider sufficient for their needs.</p>
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake remove filter
question first answered
remove maximum value filtermore like thismore than 2022-10-28T12:56:15.29Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
4378
label Biography information for Colleen Fletcher more like this
1524789
registered interest false more like this
date less than 2022-10-20more like thismore than 2022-10-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Companies: Registration more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how many companies have been struck off the Companies House register for instances of fraud identified by Companies House. more like this
tabling member constituency Feltham and Heston more like this
tabling member printed
Seema Malhotra more like this
uin 67915 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-10-28more like thismore than 2022-10-28
answer text <p>Companies House does not hold the figures for how many companies were struck off the register where fraudulent activity has been identified. The Registrar of Companies can commence action to strike a company off the register where she has reason to believe a company is no longer in business or in operation. The Registrar may also strike a company’s name off the register on application by the company.</p><p> </p><p>Table A9 of the <em>Companies register activities: statistical release 2021 to 2022</em> shows the total volumes of all companies struck off and dissolved, which includes following the compulsory strike off process and following an application by a company.</p><p> </p><p><a href="https://www.gov.uk/government/statistics/companies-register-activities-statistical-release-2021-to-2022" target="_blank">Companies register activities: statistical release 2021 to 2022 - GOV.UK (www.gov.uk)</a></p> more like this
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake remove filter
question first answered
less than 2022-10-28T12:50:32.843Zmore like thismore than 2022-10-28T12:50:32.843Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
4253
label Biography information for Seema Malhotra more like this