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This section of the website provides information about loan schemes, where the sum provided to the business must be paid back to whoever provided the loan. Interest may be incurred which must also be repaid in addition to the sum borrowed.

Debt programmes

Loan schemes included in this section include the following. Click on the headings to find out more.


Funding Circle

Funding Circle is a marketplace where individuals lend to businesses at a rate that suits everyone. By cutting out the high costs and complexity of banks, both sides are better off.


Enterprise Finance Guarantee (EFG)

The Enterprise Finance Guarantee (EFG) is a guarantee scheme to facilitate lending to viable businesses that have been turned down for a loan or other form of debt finance due to inadequate security or a proven track record. In instances such as this, EFG may be able to turn that decline into an acceptance, but that is a decision for the lender and will only be considered if the lender is satisfied that your business is viable and can afford the loan repayments. The delivery of EFG, including all lending decisions, is fully delegated to the lender. They will decide whether EFG is appropriate and confirm whether your business is eligible, but businesses unsure about whether they meet the lender’s criteria for borrowing or have had a borrowing request declined are encouraged to ask their lender about EFG. EFG is managed by British Business Financial Services, a wholly-owned subsidiary of British Business Bank plc, but remains on the balance sheet of the Department for Business, Innovation and Skills. While the government provides a guarantee to the lender, they have no role in the decision making process and are not party to the loan agreement between the borrowing business and the lender. If EFG is not suitable then access the Finance Finder to see what other schemes might be applicable.

Alternative Funding Finder

Looking for a different source of finance? take a look at our alternative finance tool – click on the link.


Growing Places Fund

The Dorset LEP Growing Places Fund has been provided with £9.4m from Central Government as a revolving loan scheme, to support major capital investment and regeneration in Dorset.

The Dorset Local Enterprise Partnership is committed to using the Growing Places Fund to generate economic activity in the short term by addressing immediate infrastructure and site constraints which promote the delivery of jobs and housing.

The fund can only be used for capital expenditure and has a maximum loan term of 5 years. It may be used by businesses which have viable projects including security that can deliver economic growth –  even if the business is unable to access alternative funding mechanisms.