Business: Government Assistance

Business, Innovation and Skills written question – answered on 24th November 2010.

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Photo of Louise Mensch Louise Mensch Conservative, Corby

To ask the Secretary of State for Business, Innovation and Skills how many small and medium-sized enterprises have received funding from the Capital for Enterprise Fund since its establishment; and what proportion of his Department's expenditure on that scheme has been in respect of such enterprises.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

The Capital for Enterprise Fund (CfEF) is a £75 million fund including £50 million of public funds, supported by £25 million from UK banks.

38 companies have been invested in by CfEF's underlying funds. Overall investor commitment drawn to date is £52.1 million out of which the total Government commitment is £38.3 million.

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