Neil McDonnell: Credit guarantee scheme needs overhaul if SMEs and lenders to engage meaningfully

The scheme is being extended until the end of this year, but uptake needs to be boosted

Neil McDonnell: 'The Covid-19 credit guarantee scheme has struggled to secure uptake by the SME sector.'

Last week, the Government announced the extension of the Covid-19 credit guarantee scheme (CCGS) until the end of this year.

Good news for some, you might say — but the CCGS has struggled to secure uptake by the SME sector.