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^Growth Guarantee Scheme for Charities and Social Enterprises – Apply Now

Q: Are charities eligible for the Growth Guarantee Scheme (GGS)?

Yes, registered charities conducting activities in the UK are eligible and exempt from the 50% trading activity requirement.

Q: What is the maximum amount a charity or social enterprise can borrow under GGS?

Eligible charities can borrow up to £2m per group (or £1m in Northern Ireland), with term loan and asset finance repayment terms up to 6 years.

Q: Can charities with a turnover above £45m access the Growth Guarantee Scheme?

No, the scheme is only open to charities, social enterprises, and third-sector organisations with a group turnover of up to £45m per annum.

Q: Is the Growth Guarantee Scheme sector specific for charities and social enterprises?

No, GGS is open to charities and social enterprises from any sector as long as they meet the eligibility criteria.

The Growth Guarantee Scheme for Charities and Social Enterprises is a program designed to help these organizations access funding and support to grow their impact. It provides a reliable way for charities and social businesses to secure the resources they need for success. If you're part of one, it's worth checking out how this scheme could help you achieve your goals.

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What are the ^benefits of Growth Guarantee Scheme for Charities and Social Enterprises?

The Growth Guarantee Scheme for Charities and Social Enterprises provides essential financial support and security to organizations aimed at social impact. By offering guarantees on loans, it enables charities and social enterprises to undertake ambitious projects with greater confidence. This empowers them to grow, innovate, and expand their reach, ultimately enhancing their contributions to society.

Financial stability

Social impact focus

Enhanced funding opportunities

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What are the different types of Growth Guarantee Scheme for Charities and Social Enterprises?

Loan Guarantees

The scheme provides partial guarantees for loans made to charities and social enterprises.

Loan Guarantees

Loan guarantees reduce the risk for lenders by covering a portion of losses if a borrower defaults, making it easier for charities and social enterprises to access affordable finance.

Flexible Loan Terms

Loans under the scheme offer flexible terms tailored to the unique needs of charities and social enterprises.

Flexible Loan Terms

Flexible loan terms may include longer repayment periods, interest-only periods, or payment holidays, helping organisations manage cash flow and invest in growth.

Support for Growth and Impact

The scheme supports organisations aiming to scale their services or impact.

Support for Growth and Impact

By reducing financial barriers, the scheme enables charities and social enterprises to grow operations, create jobs, and serve more beneficiaries, supporting long-term sustainability and social impact.

What is the Growth Guarantee Scheme for Charities and Social Enterprises?

Government-Backed Loan Guarantees

The Growth Guarantee Scheme provides lenders with a 70% government-backed guarantee on loans made to charities and social enterprises. This helps organisations access finance that might otherwise be difficult to obtain, though the borrower remains fully liable for repayment.

Flexible Loan Options and Terms

The scheme supports a variety of financial products including term loans, overdrafts, asset finance, and invoice finance. Loan terms range from 3 months up to 6 years, and facilities can be tailored to the unique needs of each charity or social enterprise.

Support for Growth and Broad Eligibility

The scheme is designed to help charities and social enterprises invest and grow. It is available to UK-based organisations with turnover up to £45 million and offers eligibility even for those not primarily generating income from trading. Previous users of other government-backed loans may also qualify.