Connections Puzzle #328 Sat 4 May
Quizzes & Puzzles23 mins ago
Business Enterprise Scheme
Am I being naive?
Can anyone tell me what criteria has to be met to qualify for this scheme supposedly backed by the government. I've asked about this before but only had one answer. Would a bad credit check go against you? If it is guaranteed, then the banks shouldn't have a problem with lending or am I being, as I said, naive?
Can anyone tell me what criteria has to be met to qualify for this scheme supposedly backed by the government. I've asked about this before but only had one answer. Would a bad credit check go against you? If it is guaranteed, then the banks shouldn't have a problem with lending or am I being, as I said, naive?
Answers
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You use the term 'Business Enterprise Scheme'.
Although some Government-backed start-up-for-small-business type schemes do continue to use this term, it applies to networking/advice/offers of office space as far as I know (and not offers of capital injection).
You seem to be talking about business capital.
The old Business Enterprise Scheme that I remember seems to have ceased in 1994 and been superceded by something called Enterprise Investment Scheme (EIS). My source for this assertion is here (amongst other places).
http://www.ashworths.com/ecomm/peaceofmind/con tent/article.asp?id=147&SessionID=&affid=1
Certainly I haven't heard anything about BES and getting investment capital from it for a while.
EIS seems to involve investors putting seed-capital into small businesses - for which they get attractive tax relief on returns. It is not a Government-backed investment scheme (so far as I can find).
So what exactly are we talking about here?
If you are talking about EIS, I do not believe it is Government-backed in the sense you mean it - assurance for the investor he gets his investment back in the event of business failure.
Although some Government-backed start-up-for-small-business type schemes do continue to use this term, it applies to networking/advice/offers of office space as far as I know (and not offers of capital injection).
You seem to be talking about business capital.
The old Business Enterprise Scheme that I remember seems to have ceased in 1994 and been superceded by something called Enterprise Investment Scheme (EIS). My source for this assertion is here (amongst other places).
http://www.ashworths.com/ecomm/peaceofmind/con tent/article.asp?id=147&SessionID=&affid=1
Certainly I haven't heard anything about BES and getting investment capital from it for a while.
EIS seems to involve investors putting seed-capital into small businesses - for which they get attractive tax relief on returns. It is not a Government-backed investment scheme (so far as I can find).
So what exactly are we talking about here?
If you are talking about EIS, I do not believe it is Government-backed in the sense you mean it - assurance for the investor he gets his investment back in the event of business failure.
1 to 2 of 2
