Growth Guarantee Scheme

The Growth Guarantee Scheme (GGS) is designed to support access to finance for smaller UK businesses as they look to invest and grow.

The Scheme aims to improve the terms on offer to borrowers, however, if we can offer a commercial loan on better terms, we will.

Whatever your business aspirations, we’ll work with you to provide the best funding solutions at the most competitive rates.

GGS supports a wide range of business finance products, those we can offer include:

Term Loans of £25,001 to £2m for business groups, across terms of up to 6 years. Decisions are usually given c.48 hours from submitting all of the required information*.

Asset Finance for investments in new and used machinery or other assets, where the finance is secured primarily against the asset itself.

Asset-Based Lending is comprised of two or more types of finance being knitted together to achieve the overall funding package you require.

Invoice Finance enables you to access 85%-90% of the value of your unpaid invoices the moment they are raised.

For asset finance, asset-based lending and invoice finance, facility sizes start from £1,000. Once you receive an offer of finance, you have up to 6-months to take the facility up, if you wish to.

*Except where the Northern Ireland Protocol applies, visit the Key Facts for further information.

The assistance provided through Growth Guarantee Scheme, like many Government-backed business support activities, is regarded as a subsidy and is deemed to benefit the borrower. There is a limit to the amount of subsidy that may be received by a borrower, and its wider group, over any rolling three-year period.

The scheme provides the lender with a 70% government-backed guarantee against the outstanding balance of the facility after it has completed its normal recovery process.

The borrower always remains 100% liable for the debt.

About GGS

Key Facts

Eligibility Criteria

We’re here to guide you through the process

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The British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and where to find independent advice.

The Growth Guarantee Scheme (GGS) is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business & Trade. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. For more information visit

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