Treasury written question – answered on 28th March 2023.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 March to Question 167105 on British Patient Capital, if he will provide a breakdown by English region of the £900 million of finance provided by the bank outside London.
The British Business Bank (BBB) has an objective to identify and help to reduce imbalances in access to finance for smaller businesses across the UK. In 2021/22 the Bank deployed £1,409m of finance, £502m of which was deployed in London.
This means that the Bank exceeded its target of deployment of regional finance outside of London for 2021/22.
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