^Growth Guarantee Scheme for Boutique Hotels - Apply Now

The Growth Guarantee Scheme offers a 70% government-backed guarantee to lenders on business loans, helping boutique hotels and other small businesses access finance even if they have struggled to secure loans before. The borrower remains 100% liable for the full debt, but the government guarantee encourages banks to lend by reducing their risk.

The scheme supports a range of financial products including term loans, overdrafts, asset finance, and invoice finance. Boutique hotels can use funds for various business purposes such as expansion, renovation, or working capital, with loan sizes generally up to £2 million and flexible repayment terms from 1 to 6 years.

Boutique hotels must have a turnover under £45 million, be UK-based, have at least two years of trading history, and use the funds for legitimate business purposes. Application will require management accounts, a business plan, historic accounts, and details of subsidies already received. Some industries (like banks or state-funded schools) are excluded.