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Growth Guarantee Scheme for Catering Services - Apply Now
The Growth Guarantee Scheme for Catering Services is a program designed to support catering businesses by providing guaranteed growth opportunities, helping them expand and succeed. If you're in the catering business, this scheme could be a great way to boost your growth confidently!
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Growth Guarantee Scheme for Catering Services?
The Growth Guarantee Scheme for Catering Services provides vital financial backing to catering businesses, ensuring they can invest in their growth without the fear of financial instability. By offering guaranteed support, it enhances the overall sustainability of the sector, enabling catering services to thrive in competitive markets and adapt to changing consumer demands.
Financial support
Encourages business growth
Mitigates risks
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What are the different types of Growth Guarantee Scheme for Catering Services?
Loan Guarantee Scheme
A scheme where the government guarantees a portion of bank loans for catering businesses.
Revenue Support Scheme
Offers financial support to cover revenue shortfalls for catering services during downturns.
Training & Upskilling Support
Provides funds or subsidies for staff training and skills development in catering.
What is the Growth Guarantee Scheme for Catering Services?
Government-Backed Loan Guarantee
The Growth Guarantee Scheme provides catering businesses with access to loans that come with a 70% government-backed guarantee, making it easier for them to secure funding for growth, investment, or cashflow needs.
Wide Range of Eligible Uses
Catering services can use the funding for various purposes, including purchasing new equipment, upgrading facilities, managing working capital, or refinancing existing debts, helping them survive and grow.
Eligibility and Flexible Terms
Catering businesses with an annual turnover under £45 million can apply, with loan amounts between £25,001 and £2 million and flexible repayment terms, ensuring support is accessible to many types of catering operations.
FAQ’S
Can catering businesses apply for the Growth Guarantee Scheme?
What can catering businesses use GGS funding for?
How much can catering businesses borrow through the Growth Guarantee Scheme?
Are there exclusions for catering in the Growth Guarantee Scheme?
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