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Growth Guarantee Scheme for Engineering Firms - Apply Now
The Growth Guarantee Scheme for Engineering Firms is a program designed to help engineering businesses grow by offering financial support or resources to reduce their risks. It makes it easier for firms to take on new projects and expand confidently. If you're in engineering, checking out this scheme might be a smart step for your business growth!
- 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 Engineering Firms?
The Growth Guarantee Scheme for Engineering Firms aims to support and promote the growth of engineering businesses by providing financial guarantees that help mitigate risks associated with investing in new projects or expansion efforts. This initiative not only enhances access to funding but also encourages innovation, allowing firms to take on new opportunities with greater confidence and stability.
Business growth
Risk reduction
Funding access
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What are the different types of Growth Guarantee Scheme for Engineering Firms?
Loan Guarantee Scheme
Provides government-backed guarantees for loans given to engineering firms.
Export Guarantee Scheme
Supports engineering firms in exporting by guaranteeing payments and reducing export-related risks.
Innovation Guarantee Scheme
Facilitates access to financing for R&D and technology upgrades through guarantees.
What is the Growth Guarantee Scheme for Engineering Firms?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides engineering firms with access to loans that are backed by a 70% government guarantee, making it easier for them to secure funding from lenders.
Flexible Funding for Growth and Innovation
Engineering firms can use funds obtained through this scheme for a variety of business needs, such as purchasing equipment, investing in new technology, managing cash flow, and expanding their operations.
Wide Eligibility and Support
The scheme is open to most UK engineering firms with turnover up to £45 million, offering competitive rates and a range of finance products, and is designed to support business growth, even for those previously supported by other loan schemes.
FAQ’S
Is the Growth Guarantee Scheme for engineering firms only?
What funding can engineering firms access under the Growth Guarantee Scheme?
How do engineering firms apply for the Growth Guarantee Scheme?
Are start-up engineering firms eligible for the Growth Guarantee Scheme?
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