New research has discovered that 20 per cent of loans provided though the 2.3bn Enterprise Finance Guarantee (EFG) scheme are ending up permanently in the red.
MPs have criticised the government’s attempts to boost lending to small and medium businesses in a report published today.
Lending under the Enterprise Finance Guarantee scheme have reached its highest level since 2010, according to ministers.
The Enterprise Finance Guarantee scheme has allowed banks to lend a greater value of SME loans than at any point in the past three years.
The Enterprise Finance Guarantee scheme helps SMEs access loans worth between £1,000 and £1m.
Michael Fallon urged banks to step up their lending under the Enterprise Finance Guarantee scheme. New research suggests that it worked…
New data reveals that RBS drew the most EFG loans this year and various government changes to the scheme have widely failed to increase bank lending to UK businesses.
While interest rates on loans to large firms have fallen, rates for SMEs have increased in the last quarter. Is the Government's flagship "Funding for Lending" scheme not working?
The government has just announced that four new lenders have been accredited to offer loans to small businesses under the Enterprise Finance Guarantee (EFG) scheme.
Lending under the governmentâs flagship Enterprise Finance Guarantee (EFG) has nose-dived, according to a report out this week.