British Business Bank

Department for Business, Innovation and Skills written question – answered on 16th October 2014.

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Photo of Lorely Burt Lorely Burt Liberal Democrat, Solihull

To ask the Secretary of State for Business, Innovation and Skills, what service the British Business Bank offers to the manufacturing sector.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

In the year to end June 2014, Business Bank programmes facilitated £76.4m of new lending and investment to businesses in the manufacturing sector.

Thirteen percent of the businesses we support through our Enterprise Finance Guarantee are in the manufacturing sector. The programme has already supported 2958 businesses in this sector.

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