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Enterprise Finance Guarantee Scheme

House of Lords written question – answered on 7th July 2011.

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Photo of Lord Harrison Lord Harrison Chair, EU Sub-Committee A - Economic and Financial Affairs, and International Trade

To ask Her Majesty's Government how many small businesses have been helped under the national loan guarantee scheme; and whether they intend to publish figures relating to the operation of the scheme.

Photo of Baroness Wilcox Baroness Wilcox The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The enterprise finance guarantee is a loan guarantee scheme to facilitate additional bank lending to viable SMEs with insufficient or no security with which to secure a normal commercial loan. The Enterprise Finance Guarantee commenced in January 2009 and as at the end of May 2011, 14,823 small businesses had been offered a loan and 12,902 had drawn down the funds.

Details of the scheme are published quarterly and available on the BIS website at

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