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 funding partner on every facility. That guarantee is the reason funding partners can approve businesses the high street banks walk away from.

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 Businesses the Banks Ignore

The scheme exists specifically because too many viable UK businesses were being turned down by high street banks. If you’ve ever been told your turnover is too low, your business is too young, or your sector is too niche for the big banks to bother with, this is the scheme that was built for you.

Eligibility is straightforward: UK trading business, turnover up to £45 million, viable business proposition, not in financial difficulty.

There’s no minimum age requirement baked into the scheme itself. Each funding partner applies their own assessment, but the government guarantee gives them room to approve applications a traditional bank would reject.

Broad Eligibility

£45M

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 multi-million pound growth plan, 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.

We work out which one fits your situation.

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 and we show you which GGS-accredited funding partners are most likely to approve you.

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

Most UK business owners don’t have this information. 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. 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.

We match the term to what the money is for.

Short or Long Term

6 Years

Max Term

Reason #7

Built for UK Businesses Ready to Grow

If you’ve got a profitable 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.

UK businesses across every sector are already using it. Another £500 million in capacity was added this year, and the scheme now runs until 31 March 2030. That gives you four more years to apply. The scheme is there. Most directors just don’t know it yet.

Four More Years to Apply

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 see which funding partners are likely to approve you. No documents, no obligation.

Check my eligibility

Tally matches UK businesses to funding partners accredited under the Growth Guarantee Scheme and other funding routes. Tally is not a lender or broker. All funding decisions are made by the underlying funding partner.