Subject	Predicate	Object
bXSk3g7T	a	Resource
		Answer
		Written answer
	answer has question	wXJrpDHF
	answer has answering person	Michael Fallon
	answer text	<p>Two commitments have been made to date under the Investment Programme of the British Business Bank.</p><p>£30 million of funding has been committed to a fund advised by Praesidian Capital, which will provide senior and subordinated debt finance to smaller UK businesses. At first close the fund size will be £96 million.</p><p>A further £15 million is to be committed to BMS Finance, a specialist finance company focused on lending to smaller UK businesses with high growth potential. At first close the fund size will be £30 million.</p><p>There has in parallel been an increase in lending under the other schemes managed by the Business Bank. Enterprise Finance Guarantee lending, for instance, is up by 17% on the previous year and at its highest level since 2010.</p>
	answer given date	2013-11-21
	answer has answering body	Department for Business, Innovation and Skills
	written answer has answering body	Department for Business, Innovation and Skills
Department for Business, Innovation and Skills	answering body has written answer	bXSk3g7T
Department for Business, Innovation and Skills	answering body has answer	bXSk3g7T
wXJrpDHF	question has answer	bXSk3g7T
Michael Fallon	answering person has answer	bXSk3g7T