The Government Growth Guarantee Scheme: Supporting Your Business Growth
The Government Growth Guarantee Scheme (GGS) is designed to support small and medium-sized businesses across the UK, this scheme can help unlock funding opportunities that might otherwise feel out of reach.
At First Oak Capital, our friendly experts are here to make the process simple and stress-free. From determining your eligibility to preparing a strong application, we’re ready to help you every step of the way.
What Is the Growth Guarantee Scheme?
The Growth Guarantee Scheme helps UK businesses secure financing that traditional lenders might decline. It’s backed by the government and reduces the lender’s risk, making approvals easier for businesses with limited credit history or financial challenges.
This scheme is a great option for SMEs that have struggled to get funding elsewhere. Whether you’re starting up, expanding, or covering short-term costs, it can provide the support you need. By bridging the gap between businesses and lenders, it gives more UK companies access to essential capital.
Here’s how it benefits your business:
- Government-Backed Support: The scheme provides a partial guarantee to lenders, encouraging them to approve more applications.
- Flexible Funding Options: Loans under the scheme can be used for various business needs, from investing in equipment to managing cashflow.
- Improved Access to Credit: Businesses with limited credit history or facing temporary challenges may still qualify.
The Government Growth Guarantee Scheme is ideal for businesses looking to:
- Invest in new equipment or technology.
- Expand their operations or premises.
- Manage cashflow during a challenging period.
- Cover short-term costs, such as VAT or Corporation Tax.
Is Your Business Eligible?
To qualify for the Growth Guarantee Scheme, your business must meet these key requirements:
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- Register and operate in the UK.
- Fall under the classification of a small or medium-sized enterprise (SME).
- Use the funds for a clear business purpose, such as growth or managing cashflow.
Even if you’re unsure about eligibility, don’t worry. Our team will walk you through the criteria and answer any questions.
Get Started Today
Don’t let complicated applications hold you back. At First Oak Capital, we simplify funding through the Growth Guarantee Scheme.
Contact one of our friendly experts today to discuss your options. Or, check your eligibility with our quick online form—it won’t affect your credit score. We’re here to help your business succeed.
Why Work With First Oak Capital?
Finding the right lender can feel overwhelming. Lenders have different criteria, and navigating the process takes time. That’s where we come in.
How We Make It Simple:
- Expert Guidance: We explain each step clearly and simply.
- Eligibility Checks: Check your eligibility risk-free.
- Application Support: We strengthen your application to boost approval chances.
- Trusted Lenders: Access competitive rates from reliable lenders.
Let us handle the hard work so you can focus on running your business.