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Business: Government Assistance

Volume 508: debated on Wednesday 24 March 2010

To ask the Minister of State, Department for Business, Innovation and Skills how many officials at each grade have been employed on work relating to the Enterprise Finance Guarantee scheme since its creation; how much has been allocated by his Department for staff costs for the scheme; and if he will make a statement. (321888)

The Enterprise Finance Guarantee has been developed by the Department's Enterprise Directorate SME Finance Team, which has policy responsibility for start-up and growth for small and medium sized enterprises. The team's resources are deployed on a project basis whereby resources follow priority work. Within this team it is estimated three full-time equivalents across the grades (senior civil service to higher executive officer), at a total employment cost of £199,000 per annum, are employed on work relating to the Enterprise Finance Guarantee scheme.