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New Businesses: Government Assistance

Department for Business, Innovation and Skills written question – answered on 19th January 2015.

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Photo of Rehman Chishti Rehman Chishti Conservative, Gillingham and Rainham

To ask the Secretary of State for Business, Innovation and Skills, how many and what proportion of start-up loans have been taken up by black and minority ethnic people in the last five years.

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

As of 31st December 2014, 6,351 start-up loans with a value of £34.8 million have been drawn down by black and minority ethnic people. This equates to 25% of the total lent under the programme.

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