Business: Government Assistance

Business, Innovation and Skills written question – answered on 30th March 2010.

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Photo of Grant Shapps Grant Shapps Shadow Minister (Communities and Local Government) (Housing and Planning), Co-Chair, Conservative Party

To ask the Minister of State, Department for Business, Innovation and Skills how many guarantees for each type of asset have been provided under his Department's Working Capital Scheme in each constituency.

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), Shadow Minister (Women)

Under the Working Capital Scheme the Department has provided to two banks £2.2 billion of guarantees on portfolios of commercial loans to free up regulatory capital for new bank lending to UK companies. The scheme does not provide guarantees on assets, and the loan portfolios do not identify parliamentary constituencies.

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