Business: Coronavirus

Treasury written question – answered on 27th January 2021.

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Photo of Lucy Powell Lucy Powell Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Chancellor of the Exchequer, how much funding has been allocated from the public purse to businesses in each region of the UK through the Future Fund; how much the average allocation is; and how many and what proportion of businesses in each region of the UK that applied to that Fund have been awarded a loan.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Data on the Future Fund is regularly published by the British Business Bank on their website, and their last release was on 17 December.

The table attached breaks down by region and nation: the number of firms that have received funding, the application success rate (notwithstanding in-flight applications) and the total amount awarded. The average allocation per business from the government is £1m.

UIN 141989 (docx, 20.4KB)

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