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^Get Growth Guarantee Scheme for Contract Catering Businesses

Q: Are contract catering businesses eligible for the Growth Guarantee Scheme?

Yes, if your business is trading in the UK, has less than £45m turnover, and over 50% of income from trading, you are eligible unless you are in a restricted sector.

Q: How much can a contract catering business borrow under the Growth Guarantee Scheme?

Contract catering businesses can borrow up to £2 million per group, subject to lender approval and standard scheme eligibility.

Q: What finance products are available to contract catering businesses via the Growth Guarantee Scheme?

You can apply for term loans, overdrafts, asset finance, and invoice finance with repayment terms up to 6 years (or 3 years for overdrafts/invoice finance).

Q: Can new contract catering businesses (start-ups) access the Growth Guarantee Scheme?

Yes, start-ups can apply, but it's at the lender’s discretion to assess the viability and eligibility of new businesses.

The Growth Guarantee Scheme is a UK government-backed program that helps smaller businesses, like contract catering companies, get loans to grow and invest. It offers lenders a 70% guarantee, making it easier for businesses to access finance with better terms. If you're a contract catering business looking to expand, this scheme could help you secure the funding you need.

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What are the ^benefits of Growth Guarantee Scheme for Contract Catering Businesses?

The Growth Guarantee Scheme for Contract Catering Businesses is designed to support catering companies by providing financial backing and resources to encourage growth despite market challenges. By ensuring a safety net, this scheme bolsters businesses' ability to pursue contracts confidently, ultimately enhancing sustainability and resilience within the industry.

Financial stability

Risk mitigation

Growth opportunities

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What are the different types of Growth Guarantee Scheme for Contract Catering Businesses?

Government-Backed Loans

Financial support from the government to help catering businesses access loans.

Government-Backed Loans

Government-backed loans reduce lender risk, making it easier for contract catering businesses to secure funding for operational or expansion purposes, often with flexible terms and lower interest rates.

Loan Guarantees for Expansion

Schemes guaranteeing a percentage of loans to support business growth.

Loan Guarantees for Expansion

Loan guarantees enable catering businesses to access larger loans from banks or lenders, as the government covers a portion of the lender's losses if the business defaults, supporting significant growth activities.

Recovery Loan Schemes

Special loan schemes for businesses recovering from economic challenges.

Recovery Loan Schemes

Recovery loan schemes provide finance to catering businesses affected by crises (e.g., COVID-19), with partial government guarantees to encourage lending, enabling recovery and future expansion.

What is the Growth Guarantee Scheme for Contract Catering Businesses?

Government-Backed Loan Guarantees

The Growth Guarantee Scheme provides contract catering and other small businesses with better access to loans by giving lenders a government-backed guarantee for 70% of the loan amount. This reduces the risk for lenders and makes it easier for businesses to get funding for growth or investment.

Flexible Finance Options for Growth

Under the scheme, businesses can apply for a range of finance types, including term loans, overdrafts, asset finance, and invoice finance. These can be used for things like managing cash flow, purchasing new assets, or expanding services, with loan sizes typically ranging from £1,000 up to £2 million.

Wide Eligibility and Simple Terms

The scheme is open to UK-based businesses (including catering businesses) with a turnover up to £45 million and supports those trading and investing to grow. Personal guarantees may be required, but a main residence is never used as security, and the application process is designed to be straightforward.

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FAQ’S

Are contract catering businesses eligible for the Growth Guarantee Scheme?

How much can a contract catering business borrow under the Growth Guarantee Scheme?

What finance products are available to contract catering businesses via the Growth Guarantee Scheme?

Can new contract catering businesses (start-ups) access the Growth Guarantee Scheme?

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June 9, 2025

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^Get Growth Guarantee Scheme for Contract Catering Businesses

What are the ^benefits of Growth Guarantee Scheme for Contract Catering Businesses?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Contract Catering Businesses?

Government-Backed Loans

Government-Backed Loans

Loan Guarantees for Expansion

Loan Guarantees for Expansion

Recovery Loan Schemes

Recovery Loan Schemes