Growth Guarantee Scheme

We’ll come back to you within 24 hours with an initial view of your options. Formal pricing comes from the accredited lender at offer stage, not from us. Timelines from there depend on facility size, your documentation and the lender.

Previous government support through Bounce Back Loans, CBILS, or Recovery Loan Scheme doesn’t prevent a lender from applying Scheme support to a new facility. However, previous borrowing may reduce the maximum amount available to you, and you’ll need to provide written confirmation of any subsidies received over the previous three years as these count toward allowable limits.

Yes. The Growth Guarantee Scheme was extended from March 2026 to 31 March 2030 in the 2025 Spending Review. This 4-year extension provides certainty for businesses and lenders. All terms and conditions remain unchanged, 70% government guarantee, no primary personal residence security required, and facilities from £25,001 for term loans and overdrafts, or £1,000 for asset finance, invoice finance and asset-based lending, up to £2m. Full details are available on the official government guidance page.

Typically: management accounts, business plan, asset details, bank statements, and confirmation of previous government subsidies. FundingBay guides you through requirements specific to your chosen lender.

The scheme has enabled £3.64bn of finance across 21,194 facilities to date. In July 2026 the government announced a further £6.5bn of lending capacity over four years, which the British Business Bank is working with accredited lenders to implement. GGS is delivered by more than 70 accredited lenders, and we work across that market to compare terms for you.

British Business Bank GGS performance data, 31 March 2026.

No. Meeting the published criteria means a business can be considered, it doesn’t mean an application will be approved. Every accredited lender applies its own credit policy and carries out standard credit and fraud checks. Decision-making is fully delegated to accredited lenders by the British Business Bank, and neither Funding Bay nor the Bank can influence the outcome.

Yes. Banks, building societies, insurers and reinsurers (insurance brokers excepted), public sector bodies and state-funded primary and secondary schools aren’t eligible, nor are businesses whose principal activity is mining, quarrying, or petroleum and natural gas extraction. Facilities also can’t be used to finance a specific export order.

Funding Bay is an FCA authorised and regulated finance broker (Reg. No. 950847). Where you enter into an agreement with a lender we’ve introduced you to, we may receive a commission or other benefit from that lender. Any fees payable by you will be disclosed in full before you commit to anything.