Enterprise Finance Guarantee Scheme

Department for Business, Innovation and Skills written question – answered on 13th February 2015.

Alert me about debates like this

Photo of David Hanson David Hanson Shadow Minister (Home Affairs)

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 28 January 2015 to Question 221259, how many companies which accessed funds from each lender under the Enterprise Finance Guarantee scheme have defaulted.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

Delivery of the Enterprise Finance Guarantee (EFG) is fully devolved to the participating lenders and loans can be made to several types of businesses, including limited companies. Up to the 31st December 2014, the number of businesses that have been recorded by all lenders as having defaulted on the terms of their loan, at some stage during the life of their loan, is 4,495. Not all defaults will necessarily lead to a claim being made against the guarantee.

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.