The National Loan Guarantee Scheme (NLGS) was launched on 20 March 2012 and will help businesses access cheaper finance by reducing the cost of bank loans under the scheme by 1 percentage point.
In order to benefit from this scheme, businesses with a turnover of not more than £50 million should apply for loans at a participating bank.
Participating banks include Barclays, Bank of Scotland, Lloyds TSB, NatWest, RBS and Santander. Aldermore has also agree, in principle, to join the scheme.
Members can access more information about the scheme, including how to apply and the loan products available, by clicking here.