The five funding products supported by the UK Growth Guarantee Scheme: term loans, overdrafts, asset finance, invoice finance and asset-based lending

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Growth Guarantee Scheme (GGS) 2026 — UK Government‑backed loans up to £2 million

The Growth Guarantee Scheme is the UK Government's flagship business finance programme and the official successor to the Recovery Loan Scheme. It offers UK-backed term loans, asset finance, invoice finance, overdrafts and asset-based lending from £25,001 to £2 million with a 70% government-backed guarantee to the lender.

Who can apply

Open to UK-based SMEs with annual turnover up to £45m that generate most of their income from UK trading. Excludes businesses in difficulty, public sector bodies, banks, and insurers.

Perks & benefits

70% government-backed guarantee to the lender
Facilities available alongside RLS/CBILS/BBLS

Key contacts

British Business Bank - Lender Enquiries Team
GGS Lender Accreditation Contact
[email protected]

Sources

Links used by the AI to gather information about this grant.

Funding

£25k – £2.0m

Deadline

31 December 2026

Opens

16 May 2026

Organiser website View source

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Eligibility criteria

UK-based businesses with annual group turnover up to £45 million
More than 50% of income must derive from UK trading activities (charities and FE colleges exempt)
Business must not be in difficulty or insolvency proceedings
Must be able to demonstrate capacity to service the debt
Must confirm receipt of facility does not exceed allowable subsidy limits
Public sector bodies, state-funded schools, banks, and insurers are excluded
Specific mining and quarrying activities are excluded
Finance cannot be used for export-related activities including foreign advertising, international distribution, or fulfilling export orders