The U.K. government-backed Enterprise Finance Guarantee scheme was designed to encourage banks to provide funding to small and medium-sized firms. Under the initiative, the Government guaranteed the banks up to 75% of losses in the event of default. In large measure, the initiative succeeded enabling thousands of businesses with robust business proposals but lacking the security for conventional loans to receive much-needed capital. However, as one large UK Bank publicly acknowledged earlier this year, due to a mixture of misunderstanding and misexplanation of the product, instances of potential mis-selling had been identified in a proportion of EFG-related loans.

Read Clutch’s analysis and report here.

Receive our Updates!


Morae Global is trusted worldwide to transform legal, risk and compliance through results-oriented and technology-enabled solutions, and reinvent the legal function as an efficient and integral part of the business value chain.

  • Abu Dhabi
  • Bangalore
  • Chicago
  • Frankfurt
  • Hong Kong
  • Houston
  • London
  • Maastricht
  • New York
  • Sydney
  • Washington, D.C.
  • Zurich