FINANCE OPTIONS
Growth Guarantee Scheme for Electronics Manufacturers Apply
The Growth Guarantee Scheme for Electronics Manufacturers is a UK government-backed program that helps smaller electronics businesses get loans they need to grow. It offers lenders a 70% guarantee on loans up to £2 million, making it easier and safer for them to lend. If you're an electronics manufacturer looking to invest or manage cash flow, this could be a great option to explore.
- 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 Electronics Manufacturers?
The Growth Guarantee Scheme for Electronics Manufacturers is designed to enhance the competitiveness of domestic electronic production by providing financial support and risk reduction strategies. This initiative helps manufacturers overcome initial barriers to entry in the market, fostering innovation, increasing production capacity, and ultimately contributing to a stronger local economy.
Supports innovation
Encourages local manufacturing
Boosts economic growth
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Growth Guarantee Scheme for Electronics Manufacturers?
Credit Guarantee Scheme
Provides credit guarantees to banks for loans given to electronics manufacturers.
Interest Subvention Scheme
Offers interest subsidies to reduce loan costs for electronics manufacturers.
Export Facilitation Guarantee
Assures guarantees for loans specifically for export-oriented electronics units.
What is the Growth Guarantee Scheme for Electronics Manufacturers?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme helps electronics manufacturers access finance by providing lenders with a 70% government-backed guarantee on loans. This makes it easier for businesses to get funding even if they don't meet usual lending criteria.
Flexible Financing Options
Electronics manufacturers can use the scheme for a wide range of needs, including managing cash flow, investing in equipment, and expanding operations. Supported finance types include term loans, overdrafts, asset finance, and invoice financing.
Support for Small and Medium Businesses
The scheme is designed for smaller manufacturers, including electronics companies, with turnover up to £45 million. It aims to boost growth by making up to £2 million available per business in most of the UK.
FAQ’S
Are electronics manufacturers eligible for the Growth Guarantee Scheme?
What is the maximum funding electronics manufacturers can access under the scheme?
Can the Growth Guarantee Scheme be used for purchasing manufacturing equipment?
Are there any sector-specific requirements for electronics manufacturers under the Growth Guarantee Scheme?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£500K
to
£500K
zero hidden fees
