EFG lending to SMEs

Lending to SMEs under EFG scheme falls to new low – Syscap

  • Lending under the Enterprise Finance Guarantee acheme has fallen to another new record low
  • The value of loans offered under the EFG scheme has dropped further to £77.8 million in the last quarter (to December 31st) down 24% from £102.8m million during the same period last year

One response to “EFG lending to SMEs

  1. The changes to the scheme show clearly that government do not understand small business at all. The banks have effectively withdraw from this sector. The way forward it would seem, is an expansion of peer to peer business lending.

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