(2) how much has been lent by each participating bank under the Enterprise Finance Guarantee scheme (a) in total and (b) to businesses registered in Scotland.
As of 27 January 2010, 6,456 businesses have drawn down loans totalling £647.41 million. Of which, in Scotland, 470 businesses have drawn down loans totalling £62.38 million.
Due to confidentiality it is not broken down by bank.
[holding answer 3 February 2010]: The Early Growth Fund Programme (EGF) was launched in 2002-03 when my right hon. and noble Friend the Secretary of State entered into agreements to provide up to £31.5 million of funding to EGFs. The total programme expenditure to date is £30.17 million.
Details of the sums drawn down are included in the following table:
Drawn down (£) 2002-03 644,109.59 2003-04 4,332,661.00 2004-05 5,383,908.00 2005-06 6,645,079.42 2006-07 5,913,754.00 2007-08 4,127,705.21 2008-09 2,654,192.86 2009-10 (to date) 467,626.70 Total 30,169,036.78