Business: Coronavirus

(asked on 22nd January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much funding has been allocated from the public purse to businesses in each region of the UK through the Future Fund; how much the average allocation is; and how many and what proportion of businesses in each region of the UK that applied to that Fund have been awarded a loan.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 27th January 2021

Data on the Future Fund is regularly published by the British Business Bank on their website, and their last release was on 17 December.

The table attached breaks down by region and nation: the number of firms that have received funding, the application success rate (notwithstanding in-flight applications) and the total amount awarded. The average allocation per business from the government is £1m.

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