Martyn Day – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Martyn Day on 2016-02-01.

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the returns to the public purse of British Business Bank investments in Funding Circle.

Anna Soubry

British Business Bank’s investment in Funding Circle is one of a portfolio of investments managed by the commercial arm of the bank – British Business Bank Investments Ltd. To date, £60m has been committed to Funding Circle, an amount which has supported over 7,000 businesses. The investment contributes a financial return in line with the performance of the wider portfolio.