Real Help Now

BIS (the Department for Business, Innovation and Skills) has put together a package of support to address the cash flow, credit and capital needs of small- and medium-sized businesses.

Enterprise Finance Guarantee
The Enterprise Finance Guarantee offers targeted support for businesses struggling to secure the finance they need through normal, commercial lending. It offers a 75 per cent Government guarantee on loans of up to £1 million to viable businesses with less than £25 million turnover. The £1 billion of Government guarantees will secure up to £1.3 billion of additional bank loans.

The scheme was extended in May to help improve lending to businesses and social enterprises in disadvantaged areas. The changes will provide extra support to Community Development Finance Institutions by enabling them to access bank loans, worth up to £20 million, through the Enterprise Finance Guarantee scheme.

Capital for Enterprise Fund
The Capital for Enterprise Fund offers viable small businesses with high levels of existing debt help to raise long-term finance. It provides companies with equity investment which they can use to pay off existing debt or invest in their business. The £75 million fund is made up of £50 million from Government and £25 million from the banks.

Further Information

For further details please visit the BIS website