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House of Commons Hansard
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Capital for Enterprise Fund
11 November 2009
Volume 499

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To ask the Minister of State, Department for Business, Innovation and Skills how many applications for funding from the Capital for Enterprise Fund have been rejected to date. [292115]

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[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.