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.
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 |
1,137 | 1,190 | 173 |
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