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To ask the Chancellor of the Exchequer
(1) how many new loans have been made to small businesses in the North East of England through the Funding for Lending Scheme; and which participating bank or building society has provided each such loan;
(2) what small and micro businesses in the North East have received loans through the Funding for Lending Scheme; and which banks and building societies are providing such loans.
The Funding for Lending Scheme has contributed to a transformation of the bank funding environment and banks are now passing these on to the real economy including to small businesses.
As part of the monitoring of the Funding for Lending Scheme, the Bank of England publishes the net lending data of individual banks on a quarterly basis. A regional breakdown is however unavailable. The Bank of England will publish net lending figures by sector once the extension begins.