Review of Enterprise Finance Guarantee Published

Posted on Wednesday 11th May, 2016 by

A strategic review of the Enterprise Finance Guarantee (EFG) scheme, which examines the effectiveness of EFG and its impact on small firms in the UK has been published by the British Business Bank. EFG provides a Government guarantee for loans made by lenders, enabling viable small firms to obtain funding that might otherwise be declined because they do not have an adequate track record or security.

The review found that the scheme was effective, but recommended that there should be a wider variety of financial products and accredited lenders available under the scheme, including an asset finance variant. The review also indicated that greater awareness of EFG was needed along with clarification of eligibility criteria.

Read more about the review

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