Business: Government Assistance

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

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Photo of Rob Wilson Rob Wilson Opposition Whip (Commons)

To ask the Minister of State, Department for Business, Innovation and Skills how many applications for funding under the Small Firms Guarantee scheme have been received by small firms based in (a) Reading East constituency, (b) Berkshire and (c) the South East in each of the last five years.

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 Small Firms Loan Guarantee the number of loans made to small firms based in the Reading, East constituency, the county of Berkshire, and the south-east region in each year from 2006 are as follows:

2006 2007 2008 2009 Total
Reading, East 7 7 6 1 21
Berkshire 67 40 42 9 158
South East 410 377 304 50 1141

The Enterprise Finance Guarantee replaced the Small Firms Loan Guarantee in January 2009.

Businesses would apply for a loan from any one of the participating accredited lenders who would assess which form of lending, including a SFLG backed loan, was most appropriate. We do not hold figures for those businesses which were instead offered a normal commercial loan, or were rejected for failing to meet the lender's commercial criteria.

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