Growth Guarantee Scheme (GGS)

Government-backed loan guarantees to fuel growth.

1

Complete the form

Answer a few questions for us to understand your business' needs

2

We compare 100+ lenders

We will advise which options could be suitable for your business

3

You choose the offer that best suits you

We'll present any offers available for your business. You choose the one that best suits your business.

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Please note the minimum requirement is £5,000.

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What is a Growth Guarantee Scheme (GGS)?

The Growth Guarantee Scheme is a UK government-backed initiative (formerly RLS) aimed at helping businesses secure affordable finance during expansion or recovery phases.

Types of Growth Guarantee Scheme (GGS)

Loans, asset finance, and invoice finance are offered via accredited lenders, with up to 70% of the loan guaranteed by the British Business Bank. It supports both term lending and revolving credit facilities.

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Monthly Payment
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Total Repayment
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Identify the Funding Need

Working capital, expansion, stock purchase or covering cash flow gaps.

Compare Lenders

Compare Business Funding will explore the most suitable lenders based on your business profile, credit score, and loan amount.

Apply and Submit Documents

Complete the application form and our team will speak to you to fully understand your requirement and request the documentation required.

Agree the Terms

Once approved, you’ll receive an offer outlining the loan amount, repayment schedule, interest rate, and any fees involved.

Receive Funds and Repay

The funds are deposited into your business account. You then make the agreed repayments over the agreed term.

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At Compare Business Loans, we make it easy to compare a full range of business loan options from top UK lenders.

Whether you're looking for unsecured business loans, secured loans, start-up loans, working capital finance, short-term business funding, or any other type of loan, our specialised partners, expert business finance brokers, help you find the best deal for your business, saving you time, money, and hassle.

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Benefits of Growth Guarantee Scheme (GGS)

It reduces lender risk, increases loan availability, and provides favourable terms to SMEs who may otherwise struggle to secure finance. It’s ideal for post-COVID growth or investment into scale-up projects.

Suitable for equipment purchases, cash flow management, hiring, innovation investment, or refinancing previous loans taken on during tough trading periods.

Things You Need to Know

Businesses must meet the British Business Bank eligibility criteria and be UK-based. The scheme does not cover grants and is not available for all sectors.

FAQs

Is this the same as the Recovery Loan Scheme?

It’s a successor scheme with similar objectives and updated criteria.

What’s the maximum amount I can borrow?

Up to £2 million per business in most cases.

Are start-ups eligible?

Not usually, most lenders require trading history.

Do I need security or a personal guarantee?

In some cases, yes, depending on lender policies.

How do I apply?

Through an accredited lender listed by the British Business Bank.

Disclaimer: Compare Business Loans helps UK firms find the right finance credit broker for access to business finance. Compare finds credit brokers, not lenders. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  

This website is operated by Spark Finance. Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).