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Growth Guarantee Scheme for Entertainment Venues - Book Now
The Growth Guarantee Scheme for Entertainment Venues is a UK government-backed loan program that helps small entertainment businesses get the funding they need to grow and invest. It offers loans up to £2 million with a 70% government guarantee, making it easier for venues to access finance. If you run an entertainment venue and want to boost your growth, this scheme 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 Entertainment Venues?
The Growth Guarantee Scheme for Entertainment Venues is designed to support the revival and sustainability of entertainment spaces by providing financial backing and resources to minimize risks for venue operators. This scheme helps ensure that cultural events can take place, facilitates artist performances, and encourages community engagement, ultimately contributing to a vibrant entertainment ecosystem.
Increased venue revenue
Risk mitigation for owners
Support for local artists
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What are the different types of Growth Guarantee Scheme for Entertainment Venues?
Loan Guarantee Schemes
Schemes where the government guarantees a portion of loans to entertainment venues.
Revenue Support Grants
Direct financial support based on lost or projected revenue for entertainment venues.
Capacity Building and Modernisation Grants
Funding for upgrades and improvements to adapt venues for future growth.
What is the Growth Guarantee Scheme for Entertainment Venues?
Loan Guarantee for Entertainment Venues
The Growth Guarantee Scheme allows entertainment venues and similar businesses to access loans and other finance options, with a 70% government-backed guarantee for the lender. This increases lenders' willingness to provide funding, supporting venues in need of capital.
Flexible Financial Support
Eligible entertainment venues can use the funds for a range of legitimate business purposes, such as managing cashflow, refinancing existing debt, or investing in growth and upgrades. The scheme offers various finance options, like term loans, asset finance, and overdrafts, making it flexible to business needs.
Wide Eligibility and Competitive Terms
The scheme is open to UK-based businesses, including those in the entertainment sector, with an annual turnover up to £45 million. It often offers better rates and terms compared to standard business loans, helping more venues invest and grow. The scheme runs until 31 March 2030.
FAQ’S
What is the Growth Guarantee Scheme for Entertainment Venues?
Who is eligible for the Growth Guarantee Scheme in the creative industries?
How much can entertainment venues borrow under the Growth Guarantee Scheme?
What can Growth Guarantee Scheme funds be used for in entertainment venues?
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