Skip to main content

Enterprise Finance Guarantee Scheme

Volume 497: debated on Wednesday 14 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills what percentage of funds available under the Enterprise Finance Guarantee scheme has (a) been lent to businesses, (b) is in the process of being lent to businesses and (c) remains available for future lending. (291684)

The Enterprise Finance Guarantee (EFG) is a £l billion loan guarantee scheme delivered through the banks that will enable an additional £1.3 billion of lending to businesses up to end March 2010.

As of 16 September, 5,241 loans have been offered to customers with a total value of £535 million. Of these, 4,132 have been drawn down with a total value of £405 million.