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Banking: Loan Guarantee Scheme

Volume 710: debated on Monday 18 May 2009

Question

Asked by

To ask Her Majesty's Government how much has been spent in the current financial year under the small firms loan guarantee scheme; and what is the proportion of the guarantees available under the scheme. [HL2160]

During FY 2008-09, Her Majesty's Government have spent £84.6 million on the small firms loan guarantee (SFLG).

The Government guarantee under SFLG is 75 per cent of the value of the loan.

SFLG was replaced by the enterprise finance guarantee (EFG) on 14 January 2009.