The New Growth Guarantee Scheme (GGS) is an extension of the Recovery Loan Scheme (RLS) as the UK’s latest initiative to support businesses in accessing vital finance to aid and fuel their growth.
While the RLS was introduced to help businesses navigate the challenges of the pandemic, the GGS is designed to fuel future expansion and innovation. Offering improved terms and broader eligibility, this new scheme aims to empower businesses to invest in growth opportunities, driving economic recovery and long-term success.
GGS Loans will offer the 70% government-backed guarantee to the lender, which increases their appetite to fund smaller businesses. The scheme also benefits borrowers by preventing a Principle Private Residence (Main family home) from being taken as security by the lender.
A quick eligibility check without impacting your credit score.
One of our dedicated finance specialists will contact you to go through next steps and prepare your application for you.
Once approved, we send the finance documents to you for completion!
Once completed, the agreement is activated and the funds released!
