Growth Guarantee Scheme (GGS)

The Growth Guarantee Scheme (GGS) is a government-backed initiative providing lenders with a partial guarantee to support lending to viable UK businesses.

The scheme is open to a wide range of UK business types, including sole traders, partnerships, limited companies, co-operatives and other legal entities operating through a UK business account. To qualify, businesses must have a turnover under £45 million, have been trading in the UK for at least two years, and generate more than 50% of their income from UK trading activity (unless applying as a charity or education provider). Businesses must also be considered viable by the lender, not be in financial difficulty or insolvency proceedings, and intend to use the funding for a clear business purpose.

Funding can be used for a wide range of business purposes, including working capital, purchasing equipment, refinancing existing debt (in certain circumstances), or supporting growth and expansion plans. The specific use of funds will be assessed by the lender as part of the application process.

No. The government provides a guarantee to the lender, not the borrower. Your finance agreement is with the lender.

No. We are a credit broker, not a lender. We arrange Growth Guarantee Scheme facilities through our panel of accredited lenders.

Security requirements are determined by the lender. In many cases, personal guarantees may still be required.