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answer › previous answer version › answering member printed	Matthew Hancock
answering dept sort name	Business%2C Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

previous answer version

answering member constituency

answering member printed

answering member


label

tabling member


label

173878

registered interest

date

15/01/2015

answering body

Department for Business, Innovation and Skills

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

hansard heading

Enterprise Finance Guarantee Scheme

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 1 October 2014 to Question 206270, what (a) safeguards and (b) monitoring processes and producers are operated by his Department or the Business Bank in relation to the Enterprise Finance Guarantee Scheme; what scrutiny of lenders takes place routinely; and what data his Department collects on the operation of the Enterprise Finance Guarantee Scheme by lenders.

tabling member constituency

Streatham

tabling member printed

Mr Chuka Umunna

uin

220929

answer

is ministerial correction

date of answer

21/01/2015

answer text

Participating lenders under the Enterprise Finance Guarantee (EFG) scheme are subject to a continuous cycle of risk based and thematic independent audits to monitor their compliance with the scheme. Regular communications and meetings take place with lenders to discuss the results of the audits, additional correspondence and EFG related complaints. Oversight is enhanced through analysis by the British Business Bank of the transactional data recorded by the lenders.

answering member constituency

West Suffolk

answering member printed

Matthew Hancock

question first answered

21/01/2015 11:35:01

answering member

4070

label	Biography information for Matt Hancock

previous answer version

39325

answering member constituency

West Suffolk

answering member printed

Matthew Hancock

answering member

4070

label	Biography information for Matt Hancock

tabling member

4128

label	Biography information for Chuka Umunna