Helen Goodman – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Helen Goodman on 2015-11-04.

To ask the Secretary of State for Business, Innovation and Skills, what proportion of investments made through the British Business Bank has been made in the North East.

Anna Soubry

As at 30 June, the North East accounts for 5% of the finance facilitated by the British Business Bank. Given that the North East accounts for 3% of the small business population this means that the region enjoys more than its pro rata share of Business Bank investment.

I am pleased that since 2010, there are 11,800 new businesses in the North East. The historic Tees Valley devolution deal, worth £450million, and the North East Combined Authority deal, worth £900million, recently signed by the Chancellor will help drive locally led economic growth and a thriving business environment.