Why Small Businesses Should Consider the Growth Guarantee Scheme

  • Reading time:4 mins read

The Growth Guarantee Scheme (GGS) is designed to support smaller UK businesses by providing access to various financial products with a government-backed guarantee of up to 70%. This reduces the risk for lenders and makes it easier for businesses to secure loans. With flexible financing options, substantial loan amounts up to £2 million, and improved terms, the GGS can significantly boost growth potential.

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Understanding the Growth Guarantee Scheme: Essential Information for UK Small Businesses

  • Reading time:3 mins read

The UK government’s Growth Guarantee Scheme, launching on 1st July 2024, provides small businesses with up to £2 million in loans, asset finance, and invoice finance. With a 70% government-backed guarantee, it supports businesses in areas like recruitment and technology upgrades. Eligible UK-based businesses can access this scheme through accredited lenders.

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