British Patient Capital

Treasury written question – answered on 28th March 2023.

Alert me about debates like this

Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Energy and Industrial Strategy)

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.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

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.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.