Banks: Finance

Jim Cousins
To ask the Minister of State, Department for Business, Innovation and Skills what estimate he has made of the monetary value of Government-guaranteed loans issued by UK banks (a) in total and (b) via the credit guarantee scheme in the last 12 months.

Ms Rosie Winterton
Under the Enterprise Finance Guarantee, the Government's loan guarantee scheme launched on 14 January 2009, 6,330 businesses have drawn down loans with a value of over £630 million as of 20 January 2010.

Jim Cousins
To ask the Minister of State, Department for Business, Innovation and Skills what estimate he has made of the monetary value of loans which remained outstanding in the Bank of England special liquidity scheme at the time the scheme closed.

Sarah McCarthy-Fry
I have been asked to reply.

The drawdown period for the Special Liquidity Scheme (SLS) closed on 30 January 2009. The nominal value of Treasury bills drawn down as of 30 January 2009 was £185 billion.

Further details can be found at:

http://www.bankofengland.co.uk/markets/marketnotice090203c.pdf