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Growth Guarantee Scheme for Event Venues - Apply Now
The Growth Guarantee Scheme for Event Venues is a UK government-backed loan program that helps event venues and other eligible businesses get funding up to £2 million, with 70% of the loan guaranteed by the government. This makes it easier for venues to borrow money for things like equipment, cash flow, or marketing to help their business grow. Want to learn more or see if you qualify? Reach out to a lender offering the scheme today!
- 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 Event Venues?
The Growth Guarantee Scheme for Event Venues is designed to provide financial security to event organizers and venue operators. By guaranteeing a minimum level of attendance and revenue, it encourages the hosting of events even in uncertain economic conditions. This scheme not only helps venues to attract more events but also supports planners by reducing the financial risks associated with event organization. Consequently, it enhances the overall vibrancy and attractiveness of destinations for events and exhibitions.
Financial risk reduction
Boosts venue utilization
Supports event planners
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What are the different types of Growth Guarantee Scheme for Event Venues?
Revenue Guarantee Scheme
A scheme where venues are guaranteed a minimum revenue from event bookings.
Flexible Booking/Cancellation Scheme
Venues offer flexible booking or cancellation policies supported by the scheme.
Operational Cost Subsidy Scheme
A scheme that covers a portion of operational costs for venues hosting events.
What is the Growth Guarantee Scheme for Event Venues?
Government-Backed Loan Access
The Growth Guarantee Scheme (GGS) allows event venues to access business loans of up to £2 million, backed by a 70% government guarantee to lenders. This backing encourages lenders to offer more favorable loan terms, as their risk is reduced, while venues remain fully responsible for repayment.
Flexible Use for Growth and Investment
Funds from the scheme can be used for any legitimate business purpose—from cash flow support and new investments to asset purchases or expanding operations. Event venues can use this flexibility to manage seasonal swings, upgrade facilities, or invest in marketing.
Simple Eligibility for a Broad Range of Venues
Eligible venues must be UK-based businesses with a turnover up to £45 million, trading primarily in the UK, and have a viable business proposal. The scheme is open to limited companies, partnerships, and more, making it accessible for most event venues.
FAQ’S
Can event venues apply for the Growth Guarantee Scheme?
What loan amounts are available to event venues under the Growth Guarantee Scheme?
Are there sector-specific restrictions for event venues in the Growth Guarantee Scheme?
How can event venues use funds from the Growth Guarantee Scheme?
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