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Enterprise Finance Guarantee to extend to Asset Finance

The MTA was at a briefing this week given by the British Business Bank about the Enterprise Finance Guarantee Scheme. The Scheme sees Government underwrite loans to SMEs which would not otherwise be made (for a fee). Of particular interest to our sector is the plan to extend the scheme to the Asset Finance market. This has the potential to support investments in technology solutions where intangibles make up a substantial proportion of the investment. You can find out more about the EFG scheme here http://british-business-bank.co.uk/ourpartners/enterprise-finance-guarantee/understanding-enterprise-finance-guarantee/ . The asset finance details and funders are being finalised over the summer but if you’d like to find out more, please contact Paul O’Donnell at the MTA at podonnell@mta.org.uk .