PARLIAMENTARY WRITTEN QUESTION
Future Fund (28 August 2020)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many businesses have taken loans through the Future Fund scheme in each (a) nation and (b) region of the UK; and what proportion of the loaned money has gone to each (i) nation and (ii) region.

Asked by:
Charlotte Nichols (Labour)

On 18^th August the British Business Bank published updated Future Fund data which gives a regional breakdown of 590 companies that have been approved for £588.3m.

Of the total amount of £588.3m, 17% is to companies headquartered in the South (South East and South West), 10% in the North (North West, North East and Yorkshire and the Humber), 8% in the East of England, 3% in the Midlands (East Midlands and West Midlands) and 3% in the Devolved Nations (Scotland, Wales and Northern Ireland). London accounts for the remaining 59% of companies. Further detail from the most recent update is available here: www.british-business-bank.co.uk/future-fund-publishes-diversity-data-of-companies-receiving-convertible-loan-agreements-3/.

Answered by:
Paul Scully (Conservative)
8 September 2020