Peter Kyle – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Peter Kyle on 2016-01-25.

To ask the Secretary of State for Business, Innovation and Skills, how many businesses in Brighton and Hove which received a loan from the Start-up loans scheme are still in operation.

Anna Soubry

The Start Up Loans Company tracks the repayment performance of each loan rather than the status of each business created. However, it does undertake regular research and evaluation which shows that, for the programme as a whole, 80% of the businesses created continue to trade into the second year following their founder’s receipt of a Start-Up Loan.