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Written question asked by Mark Hoban (Conservative) on Thursday, 30 October 2014, in the House of Commons. It was due for an answer on Monday, 3 November 2014. It was answered by Matt Hancock (Conservative) on Tuesday, 11 November 2014 on behalf of the Department for Business, Innovation and Skills.


Business: Fareham

Question

To ask the Secretary of State for Business, Innovation and Skills, what steps his Department has taken to increase the level of access to credit to businesses in Fareham constituency in the last 12 months.

Answer

The British Business Bank has brought together the management of all the Government lending and investment programmes into a single, commercially minded institution which makes finance markets work better for small firms, allowing them to prosper, grow and support the UK economy.

Between October 1st 2013 and September 30th 2014, six businesses in the Fareham constituency obtained loans which were supported by our Enterprise Finance Guarantee programme. The total value of these loans was £780,000.

In the same period the Bank’s Start Up Loan programme provided loans to 13 entrepreneurs in the constituency with a total value of £56,050.


Secondary information

Type
Written question
Reference
212666
Session
2014-15
Subjects
Business Credit Fareham
Link
View this Written question on www.parliament.uk