Companies: Finance
The question
To ask the Secretary of State for Business and Trade, how many companies in the scale-up category have accessed British Business Bank-backed debt finance in the last 24 months.
Answered by Gareth Thomas
The British Business Bank publishes performance data on the Growth Guarantee Scheme (GGS) on a quarterly basis. Up to 31 December 2024, GGS has been utilised by accredited lenders to enable 13,447 scheme facilities, totalling £2.11 billion. The data is broken down by facility status, lender, nation and region, sector, facility type and size, company size, turnover and age of business, but does not define facilities by scale-up category.
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