Business
Enterprise Finance Guarantee
Enterprise Finance Guarantee.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 7144Z Braveheart Investment Group plc 28 September 2009 \n \n28 September 2009\n\nBraveheart Investment Group plc\n('Braveheart' or the 'Group')\n\nENTERPRISE FINANCE GUARANTEE SCHEME\n\nBraveheart (AIM: BRH), the technology commercialisation and investment management company, today announces that it has been confirmed as an accredited lender under the Enterprise Finance Guarantee Scheme (EFG).\n\nThe EFG is a government loan guarantee scheme, aimed at improving accessibility to working capital and investment funding for small and medium sized businesses (SMEs) in the UK. The scheme was launched in January 2009 as a successor to the Small Firms Loan Guarantee Scheme (SFLGS), and allows SMEs to obtain loans of between £1,000 and £1m from accredited lenders, backed by a 75% government guarantee. EFG is particularly relevant at a time when many smaller companies are finding it difficult to access finance due to the current economic climate.\n\nSpeaking about Braveheart's entry to the scheme Geoffrey Thomson, chief executive of Braveheart said; 'As noted to the market in the past, we have been using bridging loans to help our portfolio companies in the current financial climate. The accreditation we are announcing today is helpful in that it enables us to gear up our resources and provide more assistance to a greater number of companies. Initially we will be trialling the scheme within our existing portfolio, but we are talking to a number of financial institutions about the possibility of a dedicated financial resource. Such a resource would be aimed at providing working capital to growing companies who are finding it difficult to attract finance elsewhere but who have viable businesses. These talks may or may not lead to something in the longer term.'\n\nFor further information please visit www.braveheartinvestmentgroup.co.uk or contact:\n\n\n\n\n\nBraveheart Investment Group\n\n\nTavistock Communications (for Braveheart)\n\n\n\n\nGeoffrey Thomson, Chief Executive\n\n\nJames Midmer / Simon Hudson\n\n\n\n\nTel: 01738 587555\n\n\nTel: 020 7920 3150\n\n\n\n\[email protected]\n\n\[email protected] \n\n\n\n\n\n\n\n\n\n\n\n\nSeymour Pierce Limited\n\n\n\n\n\n\n\nRichard Feigen/Catherine Leftley\n\n\n\n\n\n\n\n020 7107 8000\n\n\n\n\n\n\n\n\nNotes to Editors\nBraveheart Investm...