National Loan Guarantee Scheme

Treasury written question – answered on 3rd July 2012.

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Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask the Chancellor of the Exchequer how many loans he expects to be made under the National Loan Guarantee Scheme during financial year (a) 2012-13 and (b) 2013-14; and what the total expected value is of those loans.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Government have set aside £20 billion to provide guaranteed funding to banks over two years. It is up to banks to decide how many loans they will make under the scheme.

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