Question
To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 28 January 2015 to Question 221259, how many companies which accessed funds from each lender under the Enterprise Finance Guarantee scheme have defaulted.
Delivery of the Enterprise Finance Guarantee (EFG) is fully devolved to the participating lenders and loans can be made to several types of businesses, including limited companies. Up to the 31st December 2014, the number of businesses that have been recorded by all lenders as having defaulted on the terms of their loan, at some stage during the life of their loan, is 4,495. Not all defaults will necessarily lead to a claim being made against the guarantee.