Growth Guarantee Scheme
British Business Bank
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.
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
- Turnover up to £45m
- Trading in the UK
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 within the last 7 days. Scheme parameters are set by the funder and can change — verify before applying, or let us do it for you.
Related schemes
Innovate UK Grant Competitions
Innovate UK
Rolling portfolio of themed R&D grant competitions for UK businesses, typically funding 25-70% of project costs across feasibility, industrial research and experimental development.
Made Smarter Adoption — North West
Made Smarter (North West)
Match-funded grants (typically up to £20k, 50% intervention) plus fully funded digital transformation advice for manufacturing SMEs adopting industrial digital technologies (robotics, IIoT, data & AI, additive).
Made Smarter Adoption — Other English Regions
Made Smarter (regional programmes)
Regional Made Smarter programmes (West Midlands, Yorkshire & Humber, North East, East Midlands and others) offering funded digital advice and match-funded technology grants for manufacturing SMEs; amounts vary by region.