[holding answer 12 October 2009]: As of 14 October, 426 applications for funding from the Capital for Enterprise Fund have been rejected. This is from 773 businesses that have registered their interest in this fund.
Offers totalling £56.4 million have been made to 37 businesses. This includes six businesses that have received investment totalling £8.2 million and six businesses that have accepted the terms of the funding offered with a total value of £9.6 million. The fund managers continue due diligence on these, and are considering the significant number of further proposals that have been put forward for appraisal.