FINANCE OPTIONS
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!
- 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 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.
Eligibility and Flexible Terms
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.
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
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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