Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent estimate he has made of the number of (a) Scottish Limited Partnerships and (b) Limited Partnerships that have links to the Russian regime.
Answered by Paul Scully
The Government does not comment on the manner in which it monitors the activities of those who are, or may be, associated with hostile regimes. I would, however, like to assure the hon. Member that BEIS is working closely across Government to identify and mitigate any national security risks which might emanate from Russian activity in the UK.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure that claims on the state back guarantee on bounce back loans are assessed for fraud risk.
Answered by Paul Scully
The Bounce Back Loan Scheme (BBLS) Guarantee Agreement and subsequent recovery principles document outline the minimum fraud protection standards lenders were expected to adhere to. If a lender fails to apply these minimum standards, they cannot make a claim on the guarantee.
The British Business Bank, who manages the BBLS scheme on behalf of Government, maintains an ongoing lender audit assurance programme which provides insight into the effectiveness and adequacy of recoveries efforts by lenders. Where issues are identified the Bank can take remedial action.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many and what proportion of recipients of bounce bank loans have not yet started repayments of those loans.
Answered by Paul Scully
As many borrowers are using “Pay as You Grow” options, it is not possible to provide a definitive figure for on-schedule payments for the Bounce Back Loan Scheme (BBLS). However, latest figures show that £2.04bn, or 4% of total facilities, have been repaid in full.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish Limited Partnerships have been fined for failing to register a Person of Significant Control in each year since the requirement to register came into force; and what the value of those fines was.
Answered by Paul Scully
One fine has been levied against a Scottish Limited Partnership for failing to register people with significant control since the register came into force. That fine was levied in the 2021/2022 Financial Year. A fine of £210 was imposed by the court.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish Limited Partnerships failed to register a Person of Significant Control in each year since the requirement to register came into force.
Answered by Paul Scully
Companies House considers 8,126 of the Scottish Limited Partnerships (‘SLPs’) on the register to be active as at 31st January 2022. Of these, 203 had no PSC information. This compares to 213 SLPs in October 2021, 828 in January 2021, 948 in January 2020, 2,019 in January 2019 and 7,078 in January 2018 who had failed to register PSC information.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish a list of all directors registered with Companies House organised by year of birth.
Answered by Paul Scully
A snapshot of directors' details is available through Companies House bulk product (195), this includes month and year of birth.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish Limited Partnerships have failed to register a Person of Significant Control in each of the last three years.
Answered by Paul Scully
Companies House considers 8,070 of the Scottish Limited Partnerships (‘SLPs’) on the register to be active as at 31st October 2021. Of these, 213 SLPs have not filed PSC information. This compares to 948 in January 2020 and 2,019 in January 2019.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the value was of fines levied against Scottish Limited Partnerships for failing to register people with significant control in each of the last three years.
Answered by Paul Scully
One fine has been levied against a Scottish Limited Partnership for failing to register people with significant control in the current 2021/2022 Financial Year.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many fines have been levied against Scottish Limited Partnerships for failing to register people with significant control in each of the last three years.
Answered by Paul Scully
One fine has been levied against a Scottish Limited Partnership for failing to register people with significant control in the current 2021/2022 Financial Year.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to require large private and public companies to produce a scenario analysis on the impacts that climate change will have on their business model and strategy.
Answered by Anne-Marie Trevelyan - Minister of State (Foreign, Commonwealth and Development Office)
The UK Government recently published a consultation on mandatory climate-related financial disclosures by publicly quoted companies, large private companies and LLPs. This covered our proposals on scenario analysis. This consultation closed on 5 May. We are carefully considering all of the responses to the consultation, and will publish a response by the end of the year.
In November 2020, the Government announced its intention to make Task Force on Climate-Related Financial Disclosures-aligned disclosures mandatory across the economy by 2025, and our Roadmap towards mandatory climate related disclosures will help ensure that the right information on climate-related risks and opportunities is available across the investment chain.