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legislature › pref label	House of Lords
answering body	Department for Business%2C Energy and Industrial Strategy
ddp modified	2022-03-29T15:59:14.381Z
answer › is ministerial correction	false

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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 printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1441635

registered interest

date

15/03/2022

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

flypop: Future Fund

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government how much funding FlyPop Ltd has received from the Future Fund; what due diligence they undertook, prior to awarding this funding, to ensure that the company complies with the requirement for the majority of its business to be based in the UK; whether the company has yet applied for the necessary UK AOC Licence; and if so, whether that licence has been granted.

tabling member printed

Baroness Randerson

uin

HL6989

answer

is ministerial correction

date of answer

29/03/2022

answer text

The Department is unable to provide information relating to loan amounts for individual companies as this information is commercially sensitive for both investors and investee businesses.All investee companies were required to certify that they met the UK nationality criteria as part of the process of signing the Convertible Loan Agreement. Businesses provided details of their country of incorporation, UK Company registration number as well as the citizenship of company officers and an ownership structure chart or supporting documentation showing ultimate beneficial owners of the company. These details were checked as part of the eligibility checks carried out. As this particular business was pre-revenue and pre-operational at the time of application, these checks also satisfied the requirement that over half of employees should be UK-based or half of revenues should be from UK sales.Licensing is a matter for the Civil Aviation Authority. A UK Air Operator Certificate has not been granted to this company to date.

answering member printed

Lord Callanan

question first answered

29/03/2022 15:27:50

answering member

4336

label	Biography information for Lord Callanan

tabling member

4230

label	Biography information for Baroness Randerson