The 2008 Credit Guarantee Scheme formed part of the Government’s measures announced on 8 October 2008 to ensure the stability of the financial system and to protect ordinary savers, depositors, businesses and borrowers. In summary these measures were intended to:
The Scheme became operational on 13 October 2008 and closed to new issuance on 28 February 2010. The Scheme closed when the final guarantee expired on 26 October 2012.
Operation of the Scheme
Market notices and press releases
The following information and press releases relating to the Credit Guarantee Scheme appear on the HMT website
For further information about the Credit Guarantee Scheme please contact pressofficer@dmo.gov.uk.