FINANCE OPTIONS
Growth Guarantee Scheme for Construction Supply Companies
The Growth Guarantee Scheme for Construction Supply Companies is a simple plan that helps supply businesses in construction grow steadily by providing financial support or assurances. If you’re part of the industry, it’s a smart way to feel confident about expanding your business. Want to learn more? Let’s explore how it can work for you!
- 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 Construction Supply Companies?
The Growth Guarantee Scheme for Construction Supply Companies provides financial backing and security, enabling businesses to engage in new projects confidently. This initiative helps mitigate risks associated with fluctuating market demands and ensures a stable supply chain, ultimately fostering growth and innovation within the construction sector.
Financial support
Risk mitigation
Market competitiveness
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What are the different types of Growth Guarantee Scheme for Construction Supply Companies?
Loan Guarantees
The scheme provides guarantees to lenders for loans given to construction supply companies.
Invoice Financing Guarantees
Guarantees support invoice financing arrangements for suppliers awaiting client payments.
Performance Bond Guarantees
The scheme backs performance bonds required for contracts in the construction supply sector.
What is the Growth Guarantee Scheme for Construction Supply Companies?
Loan Guarantees for Business Growth
The Growth Guarantee Scheme helps construction supply companies access funding they may struggle to secure elsewhere, by providing a 70% government-backed guarantee to lenders offering loans and finance. This encourages lenders to support businesses looking to invest and grow.
Flexible Facility Sizes and Easy Access
Beyond loans, the scheme includes options like invoice finance and asset-based lending, helping construction supply companies manage their cashflow and working capital needs while waiting for client payments or investing in essential assets.
Flexible Facility Sizes and Easy Access
Companies can access finance ranging from £1,000 (for asset or invoice finance) up to £2 million, and the application process is available through accredited lenders and brokers, making the scheme flexible and accessible for a variety of business needs.
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
Are construction supply companies eligible for the Growth Guarantee Scheme?
What is the maximum facility size under the Growth Guarantee Scheme for construction supply companies?
What can Growth Guarantee Scheme funds be used for in construction supply companies?
What security do construction supply companies need to provide under the Growth Guarantee Scheme?
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