{"id":8881,"date":"2024-07-01T08:36:15","date_gmt":"2024-07-01T07:36:15","guid":{"rendered":"https:\/\/bcrs.org.uk\/?page_id=8881"},"modified":"2026-06-02T16:27:02","modified_gmt":"2026-06-02T15:27:02","slug":"growth-guarantee-scheme","status":"publish","type":"page","link":"https:\/\/bcrs.org.uk\/cy\/growth-guarantee-scheme\/","title":{"rendered":"Cynllun Gwarant Twf"},"content":{"rendered":"
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About Growth Guarantee Scheme\u00a0<\/strong><\/h2>\n

The Growth Guarantee Scheme (GGS) is designed to support access to finance for UK small businesses as they look to invest and grow.<\/p>\n

The scheme aims to provide greater certainty over credit risk, enabling BCRS Business Loans to provide finance to more viable smaller businesses that they wouldn\u2019t otherwise consider.<\/p>\n

If BCRS Business Loans can offer a commercial loan on or better terms, we will do so.<\/p>\n

Growth guarantee scheme backed facilities are provided at our discretion, and we must carry out standard credit and fraud checks for all applicants.<\/p>\n<\/div><\/div>

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Growth Guarantee Scheme Features<\/strong><\/h2>\n

Up to \u00a32m per business group:<\/strong><\/p>\n

The maximum amount for a facility provided under the scheme is generally \u00a32m per business group for borrowers outside the scope of the Northern Ireland Protocol, and up to \u00a31m per business group for Northern Ireland Protocol borrowers. Minimum facility sizes vary, starting at \u00a31,000 for asset finance, invoice finance and asset-based lending, and \u00a325,001 for term loans and overdrafts.<\/p>\n

\u2013 Wide range of products: <\/strong><\/p>\n

The Growth Guarantee Scheme supports term loans, overdrafts, asset finance, invoice finance, and asset-based lending facilities. Not all lenders will be able to offer all products.<\/p>\n

\u2013 Term length:<\/strong>
\nTerm loans and asset finance facilities are available from three months up to six years, with overdrafts, invoice finance and asset-based lending available from three months up to three years.<\/p>\n

\u2013 Access to multiple schemes:<\/strong>
\nBusinesses that took out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) or a Recovery Loan Scheme (RLS) facility before 30 June 2022 are not prevented from accessing the Growth Guarantee Scheme, but borrowing under some of these schemes may reduce the maximum amount the borrower is eligible for.<\/p>\n

\u2013 Pricing:<\/strong>
\nInterest rates and fees charged by lenders will vary and will depend on the specific lending proposal. BCRS Business Loans pricing will take into account the benefit of the Government guarantee and a fee that is charged to the lender for the guarantee.<\/p>\n

\u2013 Personal Guarantees:<\/strong>
\nPersonal guarantees can be taken at BCRS Business Loans discretion, in line with our normal commercial lending practices. Taking security over Principal Private Residences is strictly prohibited within the Scheme though.<\/p>\n

\u2013 Guarantee is to the Accredited Lender:<\/strong>
\nThe scheme provides [organisation] with a 70% government backed guarantee against the outstanding balance of the facility after it has completed its normal recovery process. The borrower always remains 100% liable for the debt.<\/p>\n

\u2013 Decision making delegated to the GGS Accredited Lender:<\/strong>
\nGrowth Guarantee Scheme-backed facilities are provided at the discretion of [organisation]. GGS Accredited Lenders are required to undertake standard credit and fraud checks for all applicants.<\/p>\n

The assistance provided through the Growth Guarantee Scheme, like many Government-backed business support activities, is regarded as a subsidy and is deemed to benefit the borrower. There is a limit to the amount of subsidy that may be received by a borrower, and its wider group, over any rolling three-year period. Any previous subsidy may reduce the amount a business can borrow. More information on subsidies is available here.<\/a><\/p>\n<\/div><\/div>

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Eligibility Restrictions<\/strong><\/h2>\n

\u2013 Turnover limit:<\/strong>
\nThe scheme is open to smaller businesses with a turnover of up to \u00a345m (on a group basis, where part of a group).<\/p>\n

\u2013 UK-based:<\/strong>
\nThe borrower must be carrying out trading activity in the UK and, for most businesses, generating more than 50% of its income from trading activity.<\/p>\n

\u2013 Viability test:<\/strong>
\nGGS Accredited Lenders must consider that the borrower has a viable business proposition.<\/p>\n

\u2013 Business in difficulty:<\/strong>
\nThe borrower must not be a business in difficulty, including not being in relevant insolvency proceedings.<\/p>\n

\u2013 Subsidy limits:<\/strong>
\nBorrowers will need to provide written confirmation that receipt of the Growth Guarantee Scheme facility will not mean that the business exceeds the maximum amount of subsidy they are allowed to receive. All borrowers in receipt of a subsidy from a publicly funded programme should be provided with a written statement, confirming the level and type of aid received.<\/p>\n

The assistance provided through the Growth Guarantee Scheme, like many Government-backed business support activities, is regarded as a subsidy and is deemed to benefit the
\nborrower. There is a limit to the amount of subsidy that may be received by a borrower, and its wider group, over any rolling three-year period. Any previous subsidy may reduce the amount a business can borrow. More information on subsidies is available here<\/a>.<\/p>\n

Please note: the following are not eligible under Growth Guarantee Scheme:\u00a0<\/strong><\/p>\n