Treasury written question – answered at on 16 January 2013.
To ask the Chancellor of the Exchequer if he will consider introducing a loan guarantee scheme for small and medium-sized enterprises to increase lending from commercial banks.
The Enterprise Finance Guarantee (EFG) scheme offers a Government guarantee that enables commercial banks to provide additional debt finance to small and medium-sized enterprises that lack sufficient security but can demonstrate that they have capacity to repay a loan in full. £200 million of loans were supported in 2012. Further information on the scheme is available on the website of the Department for Business, Innovation and Skills.
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