Written question asked by Lord Roberts of Conwy (Conservative), in the House of Lords. It was answered by Baroness Wilcox (Conservative) on Tuesday, 6 March 2012.

Finance: Guarantee Schemes

Question: To ask Her Majesty's Government to what extent the Export Enterprise Finance Guarantee scheme and the continuation of the Enterprise Capital Funds programme have been applied to Wales, and have promoted investments there.

Answer: The pilot Export Enterprise Finance Guarantee scheme and the Enterprise Capital Funds programme are available to eligible businesses throughout the UK. The Export Enterprise Finance Guarantee scheme was introduced in April 2011 to facilitate short-term export finance to viable businesses lacking collateral or track record to secure commercial facilities. As of February 2012, no business in Wales has used the scheme. The Government have committed £200 million to the Enterprise Capital Funds programme over the next four years. As of September 2011, there have been three investments in businesses in Wales since 2006, with a total value of £3.7 million.

Secondary information

Type: Written question
Reference: 15924; 735 c404WA
Session: 2010-12
Subjects: Exports Wales Enterprise finance guarantee scheme Enterprise capital funds
Link: View this Written question on www.publications.parliament.uk