Treasury written question – answered at on 17 October 2012.
To ask the Chancellor of the Exchequer
(1) whether the proposed British Business Bank will be able to borrow its own financial resources and direct these to small and medium-sized businesses;
(2) what level of (a) public and (b) private funding or capital will be provided to the proposed British Business Bank in each of the next three financial years;
(3) whether the proposed British Business Bank will be permitted to lend directly to businesses.
The Government intends to allocate up to £1 billion of public capital to the business bank. The bank will work through intermediaries and leverage additional private sector capital to help stimulate and diversify the markets for long-term capital for growing businesses. The Government will set out further details later this autumn.
Yes0 people think so
No0 people think not
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