Download the latest performance data for the Enterprise Finance Guarantee, for the 1st quarter of FY 2016-17:
In April 2016, the British Business Bank published its Enterprise Finance Guarantee (EFG) Scheme Strategic and Operational Design Review 2015/6.
The review covers the effectiveness of the programme and its positive impact on the UK small business landscape, as well as providing a number of recommendations for enhancing EFG further.
- EFG facilitates over £706.5m of finance through over 11,106 loans to smaller businesses (as at end December 2016).
- Budget 2016 (March) announced that EFG would be extended to at least March 2018 to support over £250m of lending per year.
- To date, 26,919 loans have been drawn down under the EFG programme, to a value of over £2.8bn (as at end December 2016).
- There are currently over 40 accredited lenders offering EFG-supported borrowing facilities to smaller businesses). The Bank expects this number to grow in 2017, following the opening up of the EFG programme to new lenders in June 2016, including to asset finance providers.