Teresa Graham of Baker Tilley has produced her interim report and response to submissions on the Small Firms Loan Guarantee scheme.
In November 2003, the Chancellor and the Secretary of State for Trade and Industry commissioned a review of the Small Firms Loan Guarantee (SFLG). Teresa Graham was asked to work closely with the main SFLG lenders and to examine, and if appropriate make recommendations, regarding:
the structure and rules of the SFLG and their appropriateness to the scheme's effective operation and
whether the SFLG is proving effective in tackling the financial barriers faced by start-ups and small businesses in the current market.