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Written question asked by Ben Lake (Plaid Cymru) on Monday, 27 February 2023, in the House of Commons. It was due for an answer on Wednesday, 1 March 2023. It was answered by Kevin Hollinrake (Conservative) on Tuesday, 7 March 2023 on behalf of the Department for Business and Trade.


Future Fund

Question

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 27 February 2023 to Question 147247, what the total value of the Future Fund loans taken up by those 83 companies is.

Answer

As of 31st December 2022, there were 83 companies in the Future Fund portfolio which have loans that have not converted into equity, and which have started Administration or other insolvency proceedings. The total Future Fund loan amount for these 83 loans is equal to £70,057,178.00.


Secondary information

Type
Written question
Reference
153930
Session
2022-23
Related items
Future Fund
Monday, 27 February 2023
Written questions
House of Commons
Subjects
Companies Insolvency British Business Bank Future Fund
Link
View this Written question on www.parliament.uk