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More finances available for entrepreneurs

The Government’s Enterprise Finance Guarantee (EFG) scheme, received a £20m injection to enable social enterprises struggling for funds to have easier access to much needed finances which could help keep their businesses afloat. The Government has said that it would guarantee bank loans worth a total of £20 million to Community Development Finance Institutions (CDFIs) through the EFG scheme – freeing up money for CDFIs to lend to social enterprises. Introduced in January, the EFG scheme provides UK banks with a Government-backed guarantee that their small business loans will be …

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