Growth Guarantee Scheme
British Business BankUK-wide£1k – £2m
Who can apply
UK business with turnover up to £45m, viable business proposition, not in relevant insolvency proceedings. Applied for via accredited lenders.
Key criteria
- Annual turnover up to 54m GBP (raised from 45m, July 2026 package)
What it funds
Successor to the Recovery Loan Scheme: government-backed guarantee enabling term loans, overdrafts and asset finance up to £2m for smaller UK businesses through accredited lenders.
How to apply
Apply directly to an accredited lender; normal credit underwriting applies with the government guarantee behind it.
Evidence you'll need
- Accounts and management information
- Bank statements
- Business plan / use of funds
Last checked against the official source: 3 Jul 2026. Scheme parameters are set by the funder and can change — verify before applying, or let us do it for you.
Ask about eligibility
Plain-English answers about this scheme's published criteria — not application advice.
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