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 the (a) number and (b) value of convertible loans approved by business size.
A total of 1,190 convertible loans have been issued to companies through the Future Fund, which is administered by the British Business Bank. The value of these loans at the time of issue was £1,136 million. An update on the Future Fund, including information on participating companies, will be published in due course.