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New Enterprise Funds

Volume 450: debated on Wednesday 11 October 2006

To ask the Chancellor of the Exchequer how many of the business loans and management scholarships have been allocated from the new enterprise funds in each year since 2000. (84814)

I have been asked to reply.

The number of scholarships that have been allocated in respect of the new entrepreneur scholarship programme in each of the financial years since the programme commenced is as follows.

Number

2001-02

75

2002-03

296

2003-04

1,173

2004-05

995

2005-06

1,034

2006-07

1,610

In respect of Community Development Finance Institutions (CDFIs), 16 CDFIs allocated 1,180 loans between 2000 and 2003, 31 CDFIs allocated 1,632 loans between 2002 and 2005; and 55 CDFIs allocated 1,678 loans between 2003 and 2006. Funds are managed over a three year term and to provide an annual breakdown would be at disproportionate cost.

To ask the Chancellor of the Exchequer how much was spent on the two new enterprise funds announced in the 2000 Budget for business loans and management scholarships for high unemployment areas in each year since their inception; and if he will make a statement. (84815)

I have been asked to reply.

The amount allocated by the Learning and Skills Council since the inception of the new entrepreneur scholarship programme for delivering the scholarships is given in the following table.

£ million

2001-02

2

2002-03

4

2003-04

6

2004-05

5

2005-06

5

2006-07

7

The amount allocated by DTI to Community Development Finance Institutions for business loans is given in the following table.

£ million

2000-01

3.5

2001-02

10.9

2003-04

17.4