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1061208

registered interest
date	14/02/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 27 December 2018 to Question 202714 on Enterprise Finance Guarantee Scheme, when he plans to write to the Right Hon. Member for Delyn on the Enterprise Finance Guarantee Scheme.
tabling member constituency	Delyn
tabling member printed	David Hanson
uin	221634
answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>I shall be writing to the rt. hon. Member on this matter within the next two weeks.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 27/02/2019 13:29:43 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	533 label Biography information for David Hanson

1027312

registered interest
date	17/12/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his letter of 25 September 2018 to the right hon. Member for Delyn on Enterprise Finance Guarantee Scheme, when he plans to provide an update.
tabling member constituency	Delyn
tabling member printed	David Hanson
uin	202714
answer	answer is ministerial correction date of answer 27/12/2018 answer text <p>BEIS officials have continued to receive information on this matter from the rt. hon. Member’s constituent, and from RBS. I will write to the rt. hon. Member shortly with a further update.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 27/12/2018 15:46:39 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	533 label Biography information for David Hanson

786897

registered interest
date	10/11/2017
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the oral contribution of the Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy, of 7 November 2017, Official Report, column 1323, what assessment he has made of the effectiveness of the safeguards that are in place to prevent inappropriate use of the Enterprise Finance Guarantee scheme and its successors by banks.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	112194
answer	answer is ministerial correction date of answer 17/11/2017 answer text <p>Since 2009, the Enterprise Finance Guarantee has supported over 28,300 loans, totalling in excess of £3bn to viable small businesses with insufficient security or track record to otherwise obtain finance.</p><p>The scheme is administered by the British Business Bank, which closely supervises participating lenders through a robust programme of independent audit.</p><p>The British Business Bank undertakes regular reviews of the programme and published a Strategic and Operational Design Review in April 2016. A further independent evaluation of the economic impact of the scheme will be published this week.</p> answering member constituency Stourbridge answering member printed Margot James question first answered 17/11/2017 14:52:37 answering member 4115 label Biography information for Margot James
tabling member	4061 label Biography information for Bill Esterson

226212

registered interest
date	10/03/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what his most recent assessment is of default rates under the Enterprise Finance Guarantee Scheme; and with what frequency his Department makes such an assessment.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	227105
answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Enterprise Finance Guarantee (EFG) scheme is administered by the British Business Bank (BBB), which was set up by the Secretary of State to manage such programmes professionally. The BBB closely monitors the performance of the scheme on a quarterly basis. The scheme default rate, which was 11.5% as at 31st December 2014 on the original drawn loan balance, does not reflect the overall cost to Government as not all defaults lead to a claim being made against the guarantee.</p><p> </p><p> </p><p> </p><p>The EFG is a valuable programme that, since launch, has supported additional lending to small and medium sized businesses by enabling over 23,000 loans with a total value of some £2.4bn (as at 31 December 2014) and has a significant wider economic benefit.</p><p> </p><p> </p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 16/03/2015 15:01:37 answering member 4070 label Biography information for Matt Hancock
tabling member	4128 label Biography information for Chuka Umunna

222870

registered interest
date	23/02/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to resolve the mis-selling of Enterprise Finance Guarantee loans to small business by the Royal Bank of Scotland.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	224964
answer	answer is ministerial correction date of answer 03/03/2015 answer text <p>The Enterprise Finance Guarantee (EFG) is a valuable programme that helps viable businesses get access to finance where they have insufficient security or an inadequate track record. Since launch, EFG has supported SMEs by enabling over 23,000 loans with a total value of some £2.4bn (as at 31 December 2014) and has a significant wider economic benefit. Funding for up to a further £500 million of lending was made available for 2015/16 in the 2014 Autumn Statement.</p><p> </p><p> </p><p> </p><p>Following evidence of concerns of lending by the Royal Bank of Scotland (RBS) in August 2014, the Department asked RBS to instigate an internal review into this issue. The findings of that review and a proposed course of action were presented at a meeting with the British Business Bank in December 2014, and senior executives from RBS met my right hon. Friend the Secretary of State for Business, Innovation and Skills on 14 January 2015. I have asked the British Business Bank – which now administers the programme on behalf of the Department – to continue to closely monitor the action being taken by RBS to address these issues. I have been given assurance from RBS that they will put right any cases where they are at fault to ensure that no detriment is suffered by either the borrower or the taxpayer.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 03/03/2015 11:24:40 answering member 4070 label Biography information for Matt Hancock
tabling member	1566 label Biography information for Daniel Kawczynski

177065

registered interest
date	02/02/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
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 28 January 2015 to Question 221259, on how many occasions banks which have accessed funds on behalf of borrowers under the Enterprise Finance Guarantee scheme have subsequently made a claim on the public purse following default.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	222830
answer	answer is ministerial correction date of answer 13/02/2015 answer text <p>Lenders participating in the Enterprise Finance Guarantee scheme originate loans to eligible business entities using their own capital.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 13/02/2015 14:22:47 answering member 4070 label Biography information for Matt Hancock
tabling member	533 label Biography information for David Hanson

177066

registered interest
date	02/02/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
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 28 January 2015 to Question 221259, how many companies which accessed funds under the Enterprise Finance Guarantee scheme subsequently received public funds following liquidation.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	222831
answer	answer is ministerial correction date of answer 13/02/2015 answer text <p>The Enterprise Finance Guarantee (EFG) is provided in favour of the Lender and consequently no companies in receipt of a loan facilitated by the scheme have received public funds through the EFG scheme following liquidation.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 13/02/2015 12:19:59 answering member 4070 label Biography information for Matt Hancock
tabling member	533 label Biography information for David Hanson

177067

registered interest
date	02/02/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
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 28 January 2015 to Question 221259, how many companies which accessed funds from each lender under the Enterprise Finance Guarantee scheme have defaulted.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	222832
answer	answer is ministerial correction date of answer 13/02/2015 answer text <p>Delivery of the Enterprise Finance Guarantee (EFG) is fully devolved to the participating lenders and loans can be made to several types of businesses, including limited companies. Up to the 31st December 2014, the number of businesses that have been recorded by all lenders as having defaulted on the terms of their loan, at some stage during the life of their loan, is 4,495. Not all defaults will necessarily lead to a claim being made against the guarantee.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 13/02/2015 14:25:24 answering member 4070 label Biography information for Matt Hancock
tabling member	533 label Biography information for David Hanson

174647

registered interest
date	20/01/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, if his Department will undertake a review of the use of the Enterprise Finance Guarantee scheme in response to the review announced by the Royal Bank of Scotland of its own practices relating to that scheme.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	221411
answer	answer is ministerial correction date of answer 27/01/2015 answer text <p>I refer the hon. Member to the answer I gave on 20 January 2015 to Question UIN <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2015-01-15/220931/" target="_blank">220931</a>.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 27/01/2015 15:13:40 answering member 4070 label Biography information for Matt Hancock
tabling member	533 label Biography information for David Hanson

174353

registered interest
date	19/01/2015
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Enterprise Finance Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what the total value was of the loans underpinned by the Enterprise Finance Guarantee scheme in each year since its inception; and what the value was of the loans underpinned by that scheme made by each financial institution in each of those years.
tabling member constituency	Delyn
tabling member printed	Mr David Hanson
uin	221259
answer	answer is ministerial correction date of answer 28/01/2015 answer text <p>Information on the total value of the loans underpinned by the Enterprise Finance Guarantee Scheme in each year since its inception, and the value of the loans underpinned by that scheme made by each financial institution in each of those years, is attached.</p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/01/2015 15:10:16 answering member 4070 label Biography information for Matt Hancock attachment 1 file name EFG_Drawn_Data_by_Lender_as_at_end_of_December 2014.xls title Enterprise Finance Guarantee Scheme Loans Data
tabling member	533 label Biography information for David Hanson