Progress On EFG
In his Pre Budget Report of 9 December 2009 the Chancellor advised that:
in January we launched the Enterprise Finance Guarantee which has already offered government guarantees on bank loans to over 6,000 businesses.
Today I have decided to extend this scheme for a further 12 months which will guarantee a further £500m of loans to small businesses.
Read more about this topic: Enterprise Finance Guarantee
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—Benjamin Franklin (1706–1790)