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Small Firms' Loan Guarantee

Volume 481: debated on Tuesday 28 October 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform (1) how much money has been guaranteed by the Government under the Small Firms’ Loan Guarantee in each year since 2003; (225166)

(2) how many businesses have received assistance from the Small Firms’ Loan Guarantee in each year since 2003.

The value and volume of lending under the Government's Small Firms Loan Guarantee for each financial year from 2003 is set out in the following table.

Financial year

Value of lending (£)

Number of loans

2003-04

409,261,000

5,957

2004-05

481,324,000

7,130

2005-06

422,065,000

5,956

2006-07

236,405,212

3,019

2007-08

206,759,347

2,619