Future Fund

Department for Business, Energy and Industrial Strategy written question – answered on 8th November 2021.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (Digital, Culture, Media and Sport)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much investment support was allocated via the Future Fund to businesses in (a) London and the South East, (b) the North East and (c) the UK; and how many businesses in each region who received support via the Future Fund had their loans converted into equity stakes.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

The requested information is provided in the table below:

Location

Value of investment (£ millions)

Number of companies

Number of conversions

London and the South East

774

780

114

The North East

27

30

2

The United Kingdom

1,137

1,190

173

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