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46706
registered interest false more like this
date less than 2014-04-03more like thismore than 2014-04-03
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what steps he has taken to increase the availability of credit for small businesses in (a) Bolton North East constituency and (b) England in the last year. more like this
tabling member constituency Bolton North East more like this
tabling member printed
Mr David Crausby remove filter
uin 195045 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-04-10more like thismore than 2014-04-10
answer text <p>The Government is committed to ensuring businesses can access the finance they need for investment and growth.</p><p> </p><p>The Bank of England and HM Treasury announced in November that the Funding for Lending scheme would be focused on lending to businesses to reflect the success that the scheme has had with households. Lending under the Funding for Lending Scheme has totalled over £16bn according to the latest figures.</p><p> </p><p>The British Business Bank is being established to ensure that business finance markets work efficiently and effectively for smaller businesses, and its loan guarantee and investment programmes supported £660 million of lending and investment in 2013 across the UK.</p><p> </p><p>A breakdown of the value of debt finance facilitated to businesses in Bolton North East constituency and England through British Business Bank programmes in the last year is detailed in the table below.</p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p><strong>Enterprise</strong><strong> Finance Guarantee Scheme (drawn down)</strong></p></td><td><p><strong>Start Up Loans Scheme </strong></p><p><strong>(drawn down)</strong></p></td><td><p><strong>Lending facilitated by the Business Finance Partnership</strong></p></td></tr><tr><td><p>Bolton North East Constituency</p></td><td><p>7 Loans with a value of £1.14m</p></td><td><p>24 loans with a value of £117 330</p></td><td><p>North West Region: 462 loans with a value of nearly £ 27m</p></td></tr><tr><td><p>England</p></td><td><p>2857 loans with a value of £307.6 million</p></td><td><p>13432 with a value over £75m</p></td><td><p>3721 loans provided with a value of nearly £226m</p></td></tr></tbody></table><p> </p>
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2014-04-10T12:00:00.00Zmore like thismore than 2014-04-10T12:00:00.00Z
answering member
4070
label Biography information for Matt Hancock more like this
tabling member
437
label Biography information for Sir David Crausby more like this