Funding scheme 'now meaningless'

Press Association
Building work
Building work

Bank lending to small building firms through a Government lending scheme has dwindled to almost nothing, according to a new report.

Accounting firm Wilkins Kennedy said that money from the Enterprise Finance Guarantee (EFG) scheme fell by 86% to £3.5 million in the three months to June, compared with a record high of £25 million in the same period three years ago.