CfEL was responsible for managing BIS's financial schemes, such as venture capital funds and loan guarantees, aimed at helping small and medium enterprises (SMEs).
[1] It ceased operating independently on 1 October 2013 and became part of the British Business Bank.
[2] CfEL commenced actively trading on 1 April 2008 when it took over responsibility for the management of BIS's Enterprise Capital Funds, along with other equity funds and the Small Firms Loan Guarantee.
[3] The intention was for the bank to work with the private sector to increase the supply of credit, as well as provide advice to SMEs.
[4] CfEL was managed by an independent Board of Directors appointed by BIS.