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tabling member printed	Seema Malhotra
min answer › question first answered	2019-11-05T14:59:57.697Z
answering dept sort name	Business%2C Energy and Industrial Strategy
uin	57218
version	2

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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

tabling member


label

1201965

registered interest

date

09/06/2020

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

Businesses: Government Assistance

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Government support package for innovative firms hit by coronavirus announced on 20 April 2020, how many businesses (a) have accessed this support through; and how much and what proportion of funding from the £750 million to be allocated through Innovate UK has been to disbursed to (i) new applicants and (ii) existing award holders.

tabling member constituency

Feltham and Heston

tabling member printed

Seema Malhotra

uin

57218

answer

is ministerial correction

date of answer

17/06/2020

answer text

On 20th April, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced a £1.25bn coronavirus package to protect firms driving innovation in the UK.This included £750 million of targeted support for the most R&D intensive small and medium size firms which will be available through Innovate UK’s grants and loan scheme.The Government has since confirmed that up to £500m of this is for existing customers including £200m of accelerated payments and up to £300m for continuity grants and loans. £20m of the remainder has been used to double the number of businesses receiving funding through the IUK call for business led innovation in response to the crisis which was open to new customers. Over 800 companies have been successful in this competition. IUK has also allocated up to £39m to increase the business advisory support services available new and existing high-growth potential SMEs. Announcements for the remaining money will be made in due course.Beyond the Fast-Response competition, it is currently too early to state the number of businesses that have accessed this funding.

answering member constituency

Derby North

answering member printed

Amanda Solloway

question first answered

17/06/2020 17:00:11

answering member

4372

label	Biography information for Amanda Solloway

tabling member

4253

label	Biography information for Seema Malhotra