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Business: Government Assistance

Volume 499: debated on Wednesday 11 November 2009

To ask the Minister of State, Department for Business, Innovation and Skills whether his Department has allocated additional funding to (a) Business Link, (b) Flexible Support for Business and (c) Business Gateway and Training for Work to provide the self-employment support available under the six month offer. (291648)

The Department for Business Innovation and Skills has not provided any additional funding to Business Link for support under the six month offer. However, it is distributing funds provided by the Department for Work and Pensions (DWP) for Business Link providers in England, to increase the amount of support available to people participating in the “six month” offer that need intensive start up support.

DWP have also provided funds to the Devolved Administrations for the same purpose. These funds are not being distributed by this Department.

To ask the Minister of State, Department for Business, Innovation and Skills (1) what information his Department holds on the rates of interest charged by lenders on the repayment of loans offered under the Enterprise Finance Guarantee Scheme; (295215)

(2) when he plans to answer Question 295215, on the Enterprise Finance Guarantee Scheme, tabled on 20 October 2009.

The Enterprise Finance Guarantee aims to encourage additional commercial lending to viable businesses.

The level of interest rates and any other fees or charges made by lenders in connection with any lending are a matter for the lender concerned. This information is not held by the Department. However, we would expect such charges made in connection with lending backed by EFG to be in line with their normal commercial lending.

To ask the Minister of State, Department for Business, Innovation and Skills (1) how much was spent in (a) 2007-08 and (b) 2008-09 on the Improving Your Resource Efficiency Scheme; and how many businesses received assistance from the scheme in each of these years; (298137)

(2) how much was spent in (a) 2007-08 and (b) 2008-09 on the Improving Your Resource Efficiency Scheme; and how many businesses received assistance from the scheme in each of these years.

I have been asked to reply.

Improving your resource efficiency was not operational during the period 2007-08. Expenditure on improving Your Resource Efficiency is split across central Government and regional development agencies. Actual expenditure in the period 2008-09, including expenditure by regional development agencies is currently being collated by the Department for Business, Innovation and Skills. The number of business assists given by improving Your Resource Efficiency in 2008/09 was 184,585.