| • 1/11/2004 |
Deals Financed via the DTI loan scheme |
|
Over the last 12 months, our advisers in Business Advice Bureau Ltd and our associated liecnsed firms completed over 100 DTI supported deals last year. Just under 5,000 were done in the UK as a total figure. This means we are becoming a major plalyer in this unsecured givernment supported loan field.
Review of SFLG.......
Following the enhancements to SFLG introduced in April 2003 take-up has increased by more than 40 per cent. The Government is nevertheless aware that the market in which businesses raise debt finance is more sophisticated now than when SFLG was first introduced in 1981 and wishes to build upon the recent success of SFLG by examining its effectiveness in this changing market environment.
The Government has therefore asked Teresa Graham to review SFLG to ensure that it is working effectively and that, through SFLG and other interventions, the Government is doing all that it can to help start-ups and small firms overcome the obstacles that they face when raising debt finance.
The review will examine and if appropriate make recommendations regarding:
the structure and rules of SFLG and their appropriateness to the scheme's effective operation; and whether SFLG, as the Government's principal intervention in the supply of debt finance to SMEs, is sufficient to tackle the barriers faced by start-ups and small businesses in the current market.
Link to report...
http://www.hm-treasury.gov.uk/media/8BC/D9/ACF148B.pdf
|
| |
| |