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Parliamentary debates and questions

S5W-14261: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 31 January 2018

To ask the Scottish Government how much has been spent under the SME Holding Fund LUPS (2015-18), and whether it will provide a breakdown of this expenditure.

Answered by: Keith Brown 21 February 2018

The requested performance data under the of the SME Holding Fund is not yet published as it is subject to a verification process under the European Regional Development Fund Regulations.

A report for the European Commission on the implementation of the SME Holding Fund will be prepared during April, primarily for the Joint Programme Monitoring Committee (the body which provides advice to Scottish Government on the use of EU funding in Scotland).

The report will cover the period to 31 December 2017. It will cover, inter alia, total amount invested with a breakdown of funding sources (private and public), total amount invested by Delivery Agent (microfinance, debt, equity), total number of companies receiving investment support, private sector leverage, number of jobs created and give a LUPS, H&I spend breakdown.

A copy of the report will be provided to the Scottish Parliamentary Information Service and I would be happy to share it with the member at that time.