Growth Guarantee Scheme (GGS)
The Growth Guarantee Scheme (GGS) is designed to support access to finance for UK smaller businesses as they look to invest and grow.
Key facts
- Funding amount
- Up to £2 million
- Deadline
- Rolling – no fixed deadline
- Region
- UK-wide
- Business type
- Small businesses & SMEs
Plain English summary
The Growth Guarantee Scheme offers government-backed debt finance options like term loans, overdrafts, and asset finance for UK small businesses with a turnover up to £45m. The scheme provides a 70% government guarantee to lenders, encouraging them to provide up to £2 million per business group, or £1 million for those within the Northern Ireland Protocol scope. Businesses can use the funds for cashflow management or investment, and interested applicants should consult the accredited lenders list.
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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 £2 million
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 (on a group basis).
- The borrower must be carrying out trading activity in the UK and, for most businesses, generating more than 50% of its income from trading activity.
- The borrower must not be a business in difficulty.
- Borrowers will need to provide written confirmation that receipt of the GGS facility will not mean that the business exceeds the maximum amount of subsidy they are allowed to receive.
Official source
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