FINANCE OPTIONS
Growth Guarantee Scheme for Care Homes - Apply Now
The Growth Guarantee Scheme for Care Homes is a government-backed program that helps care homes get loans by reducing the risk for lenders, making it easier for care homes to access funding for growth. If you're running a care home, it's a great option to explore for financial support. Interested in learning more or applying? Let's get started!
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Care Homes?
The Growth Guarantee Scheme for Care Homes is designed to provide financial support and stability to care home providers, enabling them to expand their services and improve care quality. By reducing financial risks, this scheme encourages investment and helps ensure that more individuals can access quality care services. As a result, it enhances the overall capacity of the care sector to meet the growing demand for elderly and vulnerable individuals.
Financial support
Increased care capacity
Stability for providers
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What are the different types of Growth Guarantee Scheme for Care Homes?
Loan Guarantees
Government-backed guarantees on loans to reduce risk for lenders and improve access to finance for care home operators.
Equity Investment Support
Public or private schemes that provide equity investment, sharing risk to attract private investors to care home projects.
Revenue or Occupancy Guarantees
Schemes that guarantee a minimum level of revenue or occupancy, reducing financial uncertainty for care home operators.
What is the Growth Guarantee Scheme for Care Homes?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides care homes and other businesses with access to loans by offering lenders a government guarantee for up to 70% of the loan amount. This encourages lenders to provide funding to care homes that might otherwise find it difficult to secure finance. However, care homes are still responsible for repaying 100% of the borrowed money.
Eligibility and Application Process
The scheme supports a variety of finance products including term loans, overdrafts, asset finance, and invoice finance. Care homes can use this funding for any legitimate business reason, such as improving facilities, managing cash flow, purchasing assets, or expanding services. Loan amounts typically range from £1,000 to £2 million, with repayment terms depending on the type of finance chosen.
Eligibility and Application Process
To qualify, care homes must be UK-based, have a turnover under £45 million, and not be in financial difficulty or insolvency. Applications are made through accredited lenders who assess the business’s viability and ability to repay. Previous recipients of government support schemes (like COVID loans) can still apply, but new borrowing may be reduced by outstanding balances.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
Is the Growth Guarantee Scheme available to care homes in the UK?
Are there sector-specific terms for care homes under the Growth Guarantee Scheme?
What is the maximum loan a care home can access under the Growth Guarantee Scheme?
What types of finance are available to care homes under the Growth Guarantee Scheme?
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