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EFG is subject to sectoral restrictions arising from the EU De Minimis Aid rules, the Industrial Development Act 1982 (which provides the statutory basis for EFG) and also for national policy reasons. BERR has reviewed the EFG sectoral restrictions in the light of recent changes in the De Minimis Aid rules and in line with a desire for EFG to be available to as many viable businesses as possible. Where appropriate these changes have been agreed with the relevant sponsoring Government Departments.
All individual decisions on the use of EFG, including application of the sectoral and other eligibility criteria, are made by the participating lenders based on the information provided by potential borrowers. After making the commercial decision to lend according to their own criteria, all lenders use a web portal provided by BERR to administer the eligibility criteria.
From 1 March 2009, BERR will be lifting the remaining restrictions on the following sectors:
Restrictions will remain on:
The following sectors are excluded:
From 1 May 2009, BERR made the following changes to sectoral eligibility:
The attached Annexes provide further details with respect to the current position in each sector.
Annex A: Enterprise Finance Guarantee – an overview of Sectoral restrictions to be lifted
Annex B: Enterprise Finance Guarantee – an overview of eligible sectors with partial restrictions
Annex C: Enterprise Finance Guarantee – an overview of excluded sectors
