Delivery of EFG is fully devolved to over 40 participating lenders, each of which has their own arrangements for handling customer complaints. The Department does not mediate in disputes between individual borrowers and lenders. Any business complaining to BIS or the British Business Bank is guided in the first instance to follow their lender\u2019s complaints procedure. Upon exhaustion of that process the next step for dealing with an unresolved dispute in most instances will be to refer it to the Financial Ombudsman Service.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "dateOfAnswer" : {"_value" : "2014-10-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-23T13:08:39.975891Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Enterprise Finance Guarantee Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, how many complaints about the Enterprise Finance Guarantee Scheme his Department has received in each year since the inception of that scheme.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/533", "label" : {"_value" : "Biography information for David Hanson"} } , "tablingMemberConstituency" : {"_value" : "Delyn"} , "tablingMemberPrinted" : [{"_value" : "Mr David Hanson"} ], "uin" : "210872"} , {"_about" : "http://data.parliament.uk/resources/93749", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93749/answer", "answerText" : {"_value" : "
Delivery of the Enterprise Finance Guarantee (EFG) is fully devolved to over 40 participating lenders. As such the Department for Business Innovation and Skills does not directly receive, approve or terminate any EFG applications.<\/p>
Participating lenders do not report to the Department numbers of applications submitted or terminated. Since inception of the scheme in January 2009, participating lenders have made offers of 26,189 EFG-backed loans and other types of debt facilities.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "dateOfAnswer" : {"_value" : "2014-10-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-23T13:09:56.3500656Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Enterprise Finance Guarantee Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, how many applications to the Enterprise Finance Guarantee Scheme have been (a) submitted, (b) approved and (c) terminated following approval by his Department since the inception of that scheme.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/533", "label" : {"_value" : "Biography information for David Hanson"} } , "tablingMemberConstituency" : {"_value" : "Delyn"} , "tablingMemberPrinted" : [{"_value" : "Mr David Hanson"} ], "uin" : "210873"} , {"_about" : "http://data.parliament.uk/resources/93750", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93750/answer", "answerText" : {"_value" : "
Companies are held accountable by investors, consumers and civil society as well as governments for the way in which they conduct their operations, including labour conditions, and how they report on their actions in this regard.<\/p>
<\/p>
<\/p>
<\/p>
Since October 2013, quoted companies have been required to provide information in their Annual Report about social, community and human rights issues, including information about any policies of the company in relation to those matters and the effectiveness of those policies.<\/p>
<\/p>
<\/p>
<\/p>
The Department has negotiated at the European level to strengthen current human rights disclosure requirements and make them more specific. Provisions have now been agreed that will apply across all EU Member States from 2017 to large quoted companies and Public Interest Entities. My Department will shortly be consulting on the transposition of these measures into UK law.<\/p>
<\/p>
<\/p>
<\/p>
Additional disclosure requirements will be introduced in the Modern Slavery Bill. Big businesses will have to publicly state each year what action they have taken to ensure their supply chains are slavery free. This requirement goes further than any similar legislation in the world by applying to businesses regardless of the nature of a company or what it supplies, whether goods or services.<\/p>
<\/p>
<\/p>
<\/p>
In September 2013, the UK was the first country to publish a National Action Plan implementing the UN Guiding Principles on Business and Human Rights. The Action Plan underlines the duty of businesses to respect the human rights of their employees and those in their supply chains. My Department is taking action to develop guidance for businesses reporting on this obligation, beginning with the retail sector.<\/p>
<\/p>
<\/p>
In order to toughen up our enforcement of the National Minimum Wage my Department has made it simpler to name and shame employers that break the law on the National Minimum Wage and has increased the financial penalty that employers pay for breaking the law from 50 per cent to 100 per cent of the unpaid wages owed to workers. The maximum penalty has also increased from £5,000 to £20,000 and will be applied per worker not per firm.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1513", "label" : {"_value" : "Biography information for Jo Swinson"} } , "answeringMemberConstituency" : {"_value" : "East Dunbartonshire"} , "answeringMemberPrinted" : {"_value" : "Jo Swinson"} , "dateOfAnswer" : {"_value" : "2014-10-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-23T16:23:04.021098Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Working Conditions"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what steps his Department plans to take to ensure that companies are held responsible for labour conditions throughout their supply chains.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/304", "label" : {"_value" : "Biography information for Mr Roger Godsiff"} } , "tablingMemberConstituency" : {"_value" : "Birmingham, Hall Green"} , "tablingMemberPrinted" : [{"_value" : "Mr Roger Godsiff"} ], "uin" : "210900"} , {"_about" : "http://data.parliament.uk/resources/93450", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93450/answer", "answerText" : {"_value" : "
The Government is examining the application of the legislation to seafarers, in particular those seafarers working on ferry services.<\/p>
<\/p>
<\/p>
<\/p>
Officials have been working closely with the Department for Transport, unions and stakeholders to fully understand pay practices in the maritime industry.<\/p>
<\/p>
<\/p>
<\/p>
Seafarers who ordinarily work in the UK are entitled to the National Minimum Wages (NMW). Seafarers who believe they are entitled to the NMW and have not received it should contact the free and confidential Pay and Work Rights helpline on 0800 917 2368.<\/p>
<\/p>
<\/p>
<\/p>
The Equality Act 2010 (Work on Ships and Hovercraft) Regulations 2011 extend certain equality rights, including pay, to all seafarers serving on UK or EEA registered vessels operating wholly or partly in Great Britain and its territorial waters. Seafarers from the EEA or designated States, whose legal relationship in regard to their employment is located within Great Britain, are also covered to the same extent. Outside our territorial waters the same level of protection is afforded to the same category of seafarers on UK registered vessels.<\/p>
<\/p>
<\/p>
<\/p>
The Department for Transport is currently reviewing the application of the Equality Act Regulations with the social partners, this Department and other Departments.<\/p>
<\/p>
<\/p>
<\/p>
However, the UK must give due consideration to the United Nations Convention on the Law of the Sea that states that a vessel is entitled to the right of innocent passage when in the territorial waters of another State. The majority of ferries operating out of Great Britain are not flagged with the UK register and the Channel Islands and Cherbourg are beyond our territorial waters.<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1513", "label" : {"_value" : "Biography information for Jo Swinson"} } , "answeringMemberConstituency" : {"_value" : "East Dunbartonshire"} , "answeringMemberPrinted" : {"_value" : "Jo Swinson"} , "dateOfAnswer" : {"_value" : "2014-10-21", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-21T13:49:05.8737416Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Ferries: Minimum Wage"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, if he will make it his policy that the National Minimum Wage should apply to seafarers working on ferry services from (a) Portsmouth to the Channel Islands, (b) Weymouth to the Channel Islands, (c) Poole to the Channel Islands and (d) Portsmouth to Cherbourg.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/59", "label" : {"_value" : "Biography information for Mr Mike Hancock"} } , "tablingMemberConstituency" : {"_value" : "Portsmouth South"} , "tablingMemberPrinted" : [{"_value" : "Mr Mike Hancock"} ], "uin" : "210660"} , {"_about" : "http://data.parliament.uk/resources/93451", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93451/answer", "answerText" : {"_value" : "
The Department has not commissioned or conducted research into this issue.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"} } , "answeringMemberConstituency" : {"_value" : "West Suffolk"} , "answeringMemberPrinted" : {"_value" : "Matthew Hancock"} , "dateOfAnswer" : {"_value" : "2014-10-22", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-22T15:09:21.32275Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Sustainable Development"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, whether his Department has (a) commissioned or (b) conducted research on the effects on a business's competitiveness of building sustainability into its core strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/59", "label" : {"_value" : "Biography information for Mr Mike Hancock"} } , "tablingMemberConstituency" : {"_value" : "Portsmouth South"} , "tablingMemberPrinted" : [{"_value" : "Mr Mike Hancock"} ], "uin" : "210679"} , {"_about" : "http://data.parliament.uk/resources/93453", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93453/answer", "answerText" : {"_value" : "
The Government is committed to ensuring that people are protected against discrimination because of religion or belief, and that they are able to exercise the right to hold and manifest their beliefs in a reasonable manner. We believe that the Equality Act 2010 strikes the right balance between the rights of people to manifest their religion or beliefs and the rights of others not to be discriminated against or harassed due to other protected characteristics, such as gender or sexual orientation, in areas such as employment and the provision of goods and services.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1513", "label" : {"_value" : "Biography information for Jo Swinson"} } , "answeringMemberConstituency" : {"_value" : "East Dunbartonshire"} , "answeringMemberPrinted" : {"_value" : "Jo Swinson"} , "dateOfAnswer" : {"_value" : "2014-10-21", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-21T13:47:52.0680431Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Equality"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, if he will take steps to ensure that a conscience clause is included within equality legislation affecting UK businesses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1388", "label" : {"_value" : "Biography information for Lord Dodds of Duncairn"} } , "tablingMemberConstituency" : {"_value" : "Belfast North"} , "tablingMemberPrinted" : [{"_value" : "Mr Nigel Dodds"} ], "uin" : "210714"} , {"_about" : "http://data.parliament.uk/resources/93454", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93454/answer", "answerText" : {"_value" : "
The Department has received correspondence from members of the public and publishing firms raising competition concerns about the application of certain types of contract in the publishing sector generally, for example most favoured nation or price-parity clauses. However, there has not been a concerted campaign asking for action.<\/p>
<\/p>
<\/p>
<\/p>
The Government has given the Competition and Markets Authority (CMA) strong powers to tackle anti-competitive behaviour. I would encourage anyone that is aware of large publishing firms engaging in such anti-competitive practices to provide that evidence to the CMA.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1513", "label" : {"_value" : "Biography information for Jo Swinson"} } , "answeringMemberConstituency" : {"_value" : "East Dunbartonshire"} , "answeringMemberPrinted" : {"_value" : "Jo Swinson"} , "dateOfAnswer" : {"_value" : "2014-10-21", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-21T13:50:38.1607582Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Publishing: Competition"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what representations his Department has received on large publishing firms coercing smaller publishing houses to sign contracts with anti-competitive clauses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1388", "label" : {"_value" : "Biography information for Lord Dodds of Duncairn"} } , "tablingMemberConstituency" : {"_value" : "Belfast North"} , "tablingMemberPrinted" : [{"_value" : "Mr Nigel Dodds"} ], "uin" : "210716"} , {"_about" : "http://data.parliament.uk/resources/93093", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93093/answer", "answerText" : {"_value" : "
No official visits have been made to the Torbay constituency by the Department\u2019s Ministers during the period 14 October 2013 to 14 October 2014.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1513", "label" : {"_value" : "Biography information for Jo Swinson"} } , "answeringMemberConstituency" : {"_value" : "East Dunbartonshire"} , "answeringMemberPrinted" : {"_value" : "Jo Swinson"} , "dateOfAnswer" : {"_value" : "2014-10-21", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-21T15:07:39.0716971Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-14", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Torbay"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, how many visits were made by Ministers of his Department to Torbay constituency in the 12 months to 14 October 2014; whom the invitation for each such visit was issued by; and what the cost to the public purse was of each such visit.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/237", "label" : {"_value" : "Biography information for Mr Adrian Sanders"} } , "tablingMemberConstituency" : {"_value" : "Torbay"} , "tablingMemberPrinted" : [{"_value" : "Mr Adrian Sanders"} ], "uin" : "210473"} , {"_about" : "http://data.parliament.uk/resources/92787", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/92787/answer", "answerText" : {"_value" : "
Government has been supporting Lord Davies\u2019 voluntary business-led strategy for the advancement of all women, irrespective of ethnicity or disability. These measures are working. Women now account for 22.8% of board members in FTSE100 companies, up from 12.5% in February 2011.And there are no all-male boards in the FTSE 100 down from 21 in 2011.<\/p>
<\/p>
<\/p>
<\/p>
We do not collect statistics for, and FTSE 100 companies do not have to report on, the number of disabled or ethnic minorities on their boards.<\/p>
<\/p>
<\/p>
<\/p>
In September 2014 The Financial Reporting Council published an updated UK Corporate Governance Code, including changes to the preface highlighting the importance of diversity on the board. This includes gender, race and a wide range of other factors including difference of approach and experience.<\/p>
<\/p>
On 30 September the Secretary fo Business Innovation and Skills also announced his support for a business led initiative to support wider ethnic diversity on boards.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4284", "label" : {"_value" : "Biography information for Baroness Neville-Rolfe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Neville-Rolfe"} , "dateOfAnswer" : {"_value" : "2014-10-23", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-10-23T16:37:38.7268947Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Directors: Equality"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what progress has been made with achieving diversity on corporate boards; and what percentages of (1) women, (2) disabled people, and (3) black and minority ethnic people there are on the boards of FTSE 100 companies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/2170", "label" : {"_value" : "Biography information for Lord Ouseley"} } , "tablingMemberPrinted" : [{"_value" : "Lord Ouseley"} ], "uin" : "HL2023"} , {"_about" : "http://data.parliament.uk/resources/92987", "AnsweringBody" : [{"_value" : "Department for Business, Innovation and Skills"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/92987/answer", "answerText" : {"_value" : "
The Government is committed to ensuring businesses can access the finance they need to invest and grow.<\/p>
<\/p>
<\/p>
<\/p>
We are setting up the British Business Bank to make finance markets work better for small firms. Over the next five years, the Bank aims to unlock up to £10 billion of financing for viable smaller businesses. The Business Bank funds schemes including Start Up Loans and the Enterprise Finance Guarantee Scheme.<\/p>
<\/p>
A breakdown of businesses in the Stafford Constituency that have been supported by British Business Bank schemes last 12 months are detailed in the table below.<\/p>
<\/p>
<\/p>
<\/p>
<\/p><\/td> | Enterprise Finance Guarantee Scheme (EFG)<\/strong><\/p><\/td> Start Up Loans Company <\/strong><\/p><\/td><\/tr> Stafford constituency<\/p><\/td> 7 loans with a drawn value of £1,051,700<\/p><\/td> 16 loans with a drawn value of £59,850<\/p><\/td><\/tr><\/tbody><\/table> <\/p> *Data from 01/09/2013-31/08/2014<\/p> <\/p> <\/p> <\/p> The Black Country Reinvestment Society (BCRS) are a Community Development Finance Institution (CDFI) serving the Stafford constituency providing credit and funding to local businesses unable to secure finance from traditional financial institutions such as banks. BCRS are accredited to provide EFG backed lending facilities and are also a Start Up Loan delivery partner.<\/p> <\/p> <\/p> <\/p> The Community Development Finance Association (of which BCRS is a member) have also received Regional Growth Fund support<\/p> <\/p> <\/p> <\/p> There is one Round 1 Regional Growth Fund project in the Stafford constituency with a grant of £4 million, leveraging £56.5 million of private sector investment and creating or safeguarding 1,600 jobs.<\/p> <\/p> <\/p> <\/p> The grant will assist this project to undertake research and development (R&D) for the creation of High Voltage Direct Current (HVDC) power transmission products at a new engineering centre of excellence in Stafford. The project will create 200 jobs and safeguard 1400 jobs in Stafford and involves a new R&D centre, together with the installation of technical equipment.<\/p> <\/p> <\/p> <\/p> <\/p> <\/p> <\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"}
}
, "answeringMemberConstituency" : {"_value" : "West Suffolk"}
, "answeringMemberPrinted" : {"_value" : "Matthew Hancock"}
, "dateOfAnswer" : {"_value" : "2014-10-22", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-10-22T15:45:34.8344877Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "26"}
, "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"}
, "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"}
, "date" : {"_value" : "2014-10-13", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Business: Stafford"}
, "houseId" : {"_value" : "1"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what steps his Department has taken to increase the level of access to credit for businesses in Stafford constituency in the last 12 months.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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