7 Reasons to Check Your Eligibility for the Growth Guarantee Scheme

Reason #1

The Government Backs 70% of Every Facility

The Growth Guarantee Scheme isn’t a private lending product. It’s a UK government initiative, run by the British Business Bank, that helps smaller UK businesses get funding for growth.

The government provides a 70% guarantee to the lender on every facility. That lets accredited lenders, including many high street banks, support more viable businesses than they otherwise would.

This isn’t an obscure product. It’s a government-backed scheme, running since 2024, that UK lenders offer through their normal application process.

On Every Facility

70%

Government Guarantee

Reason #2

It’s Built for Viable Smaller Businesses

The scheme exists to help lenders support more viable smaller businesses than they otherwise would. If you’ve ever been told your turnover is too low, your business is too young, or your sector is too niche, it’s worth checking.

Eligibility is straightforward: UK trading business, turnover up to £54 million, viable business proposition, not a business in difficulty.

There’s no minimum age requirement baked into the scheme itself. Each lender makes its own decision. Many high street banks are accredited too, and you don’t need to be an existing customer.

Broad Eligibility

£54M

Max Turnover

Reason #3

Funding From £1,000 to £2 Million

The scheme covers the full range of business funding needs. Smaller asset finance or invoice finance facilities start from just £1,000. Term facilities and overdrafts start from £25,001 and can go up to £2 million per business group.

Whether you need capital for one piece of equipment or a growth plan of up to £2 million, the scheme has a product that fits.

Flexible Access

£1,000 — £2M

Facility Range

Reason #4

Multiple Product Types Under One Scheme

Most UK businesses think of funding as one thing: a facility from a bank. The GGS supports five different product types, each for a different situation:

Term facilities for planned investment and expansion.
Overdrafts for working capital flexibility.
Asset finance for equipment, vehicles, and machinery.
Invoice finance for businesses with unpaid invoices tied up in their ledger.
Asset-based lending for businesses with significant assets on the balance sheet.

Not every lender offers every product. A funding partner can review which fits.

One Simple Route

5 Products

Under One Scheme

Reason #5

Checking Takes 60 Seconds and Commits You to Nothing

You don’t need to apply anywhere to find out if you’re eligible. You don’t need documents, bank statements, or a financial adviser. You answer a handful of questions about your business. If we can match you, we’ll introduce you to a funding partner, usually a specialist broker, who can review your options. Those may include GGS-backed finance.

There’s no obligation to proceed. If the options look good, you can move forward. If not, you’ve lost sixty seconds.

It’s worth knowing where you stand even if you’re not actively looking right now.

No Obligation

60 seconds

Eligibility Check

Reason #6

Flexible Terms From Three Months to Six Years

Term facilities and asset finance are available from three months up to six years. Some lenders can go up to 10 years on facilities up to £1.1 million. Overdrafts, invoice finance, and asset-based lending are available from three months up to three years.

That range matters because different growth plans need different funding horizons. A short-term working capital gap doesn’t need a six-year commitment. A piece of equipment that’ll be earning for a decade shouldn’t be tied to a three-month facility.

A funding partner can talk through the right term.

Short or Long Term

6 Years

Typical Max Term

Reason #7

Built for UK Businesses Ready to Grow

If you’ve got a viable business, a clear plan for what the funding would do, and the capacity to take on additional finance, you’re exactly who the Growth Guarantee Scheme was designed for.

The scheme is there to back viable UK businesses that want to scale. It isn’t a rescue package. If you’ve got a bigger contract you can’t service without extra capital, a team you want to hire, or equipment that would pay for itself, GGS is built for you.

The Chancellor announced increased capacity for the scheme in July 2026, and it runs until 31 March 2030.

Open Until 31 March 2030

Until 2030

Scheme Extended

Ready to see what you qualify for?

Start with a 60-second eligibility check. A few questions about your business and you’ll find out if we can match you with a funding partner. No documents, no obligation.

Check my eligibility

Tally is an introduction service. We’re not a lender and we’re not part of the government or the British Business Bank. Lending decisions are made by lenders.