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legislature › pref label	House of Lords
min answer › question first answered	2022-11-22T13:25:41.953Z
answer › is ministerial correction	false
question text	To ask His Majesty%27s Government, further to the Written Answer by%C2%A0Lord Callanan on 29 March 2022 (HL6989), whether FlyPop was granted%C2%A0a licence by the Civil Aviation Authority; and if not, what time limits have been set for businesses to become operational before monies obtained through the Future Fund are required to be repaid.

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registered interest

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and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


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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

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label

1624217

registered interest

date

26/04/2023

answering body

Department for Business and Trade

answering dept id

214

answering dept short name

Business and Trade

answering dept sort name

Business and Trade

hansard heading

flypop: Future Fund

house id

legislature

25277

pref label	House of Lords

question text

To ask His Majesty's Government, further to the Written Answer by Lord Callanan on 29 March 2022 (HL6989), whether FlyPop was granted a licence by the Civil Aviation Authority; and if not, what time limits have been set for businesses to become operational before monies obtained through the Future Fund are required to be repaid.

tabling member printed

Baroness Randerson

uin

HL7475

answer

is ministerial correction

date of answer

17/05/2023

answer text

<p>Licensing is a matter for the Civil Aviation Authority.</p><p>The repayment of monies obtained through the Future Fund is not driven by businesses becoming operational. The Future Fund is invested through a standardised 3-year term Convertible Loan Agreement (‘CLA’); the CLA either converts to equity or is repaid in accordance with the terms of the agreement. The full scheme eligibility criteria and rules can be viewed on the British Business Bank’s website.</p>

answering member printed

The Earl of Minto

question first answered

17/05/2023 15:09:10

answering member

4952

label	Biography information for The Earl of Minto

tabling member

4230

label	Biography information for Baroness Randerson