Grant Shapps – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Grant Shapps on 2016-10-14.

To ask Mr Chancellor of the Exchequer, whether he plans to substitute funding to start-up loan schemes previously funded completely or partly by EU programmes after the UK leaves the EU.

Mr David Gauke

As set out by the Chancellor, the Treasury will guarantee funding for structural and investment fund projects and funding secured through direct bids to the European Commission, even after the UK leaves the EU. This is where the funding provides strong value for money and is in line with domestic strategic priorities. These include projects signed after Autumn Statement and before we leave the EU.

Alongside this funding, the Start-Up loan programme, funded by the UK government and overseen by the British Business Bank (BBB), has supported over 39,500 entrepreneurs to set up their own business and facilitated loans of over £230m.