Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Enterprise Finance Guarantee Scheme

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

Alert me about debates like this

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 http://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee/efg-statistics.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.