ENTERPRISE FINANCE GUARANTEE

On the 14th January the Treasury announced the £1bn Enterprise Finance Guarantee (EFG) Scheme that will support £1.3bn of new lending by banks to viable SME's with working capital or investment needs. The EFG is open to all businesses with an annual turnover of from nil to £25m, seeking loans of £1000 to £1m repayable for up to 10 years. Most businesses in most sectors will be eligible for the scheme. However, state aid rules exclude businesses in the agriculture, coal and steel sectors.

More information

One Page Briefing