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Written question asked by John McDonnell (Labour) on Tuesday, 24 July 2018, in the House of Commons. It was due for an answer on Tuesday, 4 September 2018. It was answered by Kelly Tolhurst (Conservative) on Tuesday, 11 September 2018 on behalf of the Department for Business, Energy and Industrial Strategy.


British Business Bank

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has any plans to privatise the British Business Bank.

Answer

The British Business Bank (BBB) is 100% owned by Government and we have no plans to alter that position.

As at end of July 2018, the Start Up Loans programme – run by the Start Up Loans Company (SULCo), a subsidiary of BBB – had lent £436m to more than 57,000 entrepreneurs.


Secondary information

Type
Written question
Reference
167880
Session
2017-19
Transferred
Yes
Subjects
Privatisation British Business Bank
Link
View this Written question on www.parliament.uk