Eligibility
- Businesses of any age may apply for EFG.
- There is no maximum number of employees.
- The applicant’s turnover during the previous 12 months must not exceed £41m. This ceiling was increased from a £25m turrover in March 2012. Where an applicant is part of a corporate group (whether a parent, subsidiary or holding company), the £41m figure relates to the entire group.
- There are few sectoral restrictions although an eligibility check should be undertaken in the event of a customer operating in any of the following sectors or in any other instances in the event of doubt:-
- Fishing
- Agriculture
- Shipping
- Forestry
- Performing Arts
- Education
- Healthcare
- Social Care Services
- Coal and Steel
Read more about this topic: Enterprise Finance Guarantee