British Business Bank Growth Guarantee Scheme
The Growth Guarantee Scheme supports loan sizes of up to £2m with a 70% government-backed guarantee for UK smaller businesses.
Key facts
- Funding amount
- Up to £2m
- Deadline
- Rolling – no fixed deadline
- Region
- UK-wide
- Business type
- Small businesses & SMEs
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Plain English summary
The British Business Bank offers the Growth Guarantee Scheme, which provides a government-backed guarantee of 70% to lenders for loans up to £2 million. This scheme is designed to help UK smaller businesses access finance for growth and investment, with applications accepted year-round. It is open to a wide range of business types and sectors.
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Who this is best for
- Small businesses & SMEs
- Organisations based in UK-wide
- Projects aligned with business grants
- Teams seeking funding around Up to £2m
Who should not apply
- Individuals applying in a personal capacity (unless explicitly permitted)
- Large enterprises above SME thresholds
- Applicants who cannot meet the official eligibility criteria below
Eligibility checklist
Tick what applies to your organisation before applying.
- Open to smaller businesses with a turnover of up to £45m, trading in the UK, not in difficulty or insolvency, and generating over 50% of income from trading activity.
- Sole traders, corporations, limited partnerships, limited liability partnerships, co-operatives, and community benefit societies are eligible.
- Must not exceed maximum allowed subsidy.
Official source
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