Question

To ask the Secretary of State for Business, Innovation and Skills, how many applications to the Enterprise Finance Guarantee Scheme have been (a) submitted, (b) approved and (c) terminated following approval by his Department since the inception of that scheme.

Delivery of the Enterprise Finance Guarantee (EFG) is fully devolved to over 40 participating lenders. As such the Department for Business Innovation and Skills does not directly receive, approve or terminate any EFG applications.

Participating lenders do not report to the Department numbers of applications submitted or terminated. Since inception of the scheme in January 2009, participating lenders have made offers of 26,189 EFG-backed loans and other types of debt facilities.