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Business: Government Assistance

Business, Innovation and Skills written question – answered on 10th February 2010.

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Photo of Lorely Burt Lorely Burt Shadow Minister (Business, Innovation and Skills), Chair of the Liberal Democrat Parliamentary Party

To ask the Minister of State, Department for Business, Innovation and Skills how much funding has been provided to Early Growth Funds in each year since their introduction.

Photo of Rosie Winterton Rosie Winterton Minister of State (Regional Affairs) (Yorkshire and the Humber), Minister of State (Department for Communities and Local Government) (Local Government) (also in the Department for Business, Innovation and Skills), Minister of State (Department for Business, Innovation and Skills) (Regional Economic Development and Co-ordination); (also in the Department for Communities and Local Government)

holding answer 3 February 2010

The Early Growth Fund Programme (EGF) was launched in 2002-03 when my right hon. and noble Friend the Secretary of State entered into agreements to provide up to £31.5 million of funding to EGFs. The total programme expenditure to date is £30.17 million.

Details of the sums drawn down are included in the following table:

Drawn down (£)
2002-03 644,109.59
2003-04 4,332,661.00
2004-05 5,383,908.00
2005-06 6,645,079.42
2006-07 5,913,754.00
2007-08 4,127,705.21
2008-09 2,654,192.86
2009-10 (to date) 467,626.70
Total 30,169,036.78

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