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Written question asked by Ben Lake (Plaid Cymru) on Friday, 17 February 2023, in the House of Commons. It was due for an answer on Tuesday, 21 February 2023. It was answered by Kevin Hollinrake (Conservative) on Monday, 27 February 2023 on behalf of the Department for Business and Trade.


Future Fund: Ceredigion

Question

To ask the Secretary of State for Business and Trade, how many companies registered in Ceredigion received financial support under the Future Fund.

Answer

The Future Fund is a government scheme to support UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The scheme, alongside other Government support schemes, aims to support companies facing financing difficulties due to the Coronavirus outbreak. The Future Fund scheme is being delivered by the British Business Bank (BBB).

The number of Convertible Loan Agreements (CLAs) issued by the Future Fund in Wales was 25 with a total value of £18.7m. Future Fund data is not provided on a constituency level.


Secondary information

Type
Written question
Reference
147246
Session
2022-23
Transferred
Yes
Subjects
Business Ceredigion Future Fund
Contains statistics
Yes
Link
View this Written question on www.parliament.uk