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Growth Guarantee Scheme for Game Development Companies: Get
The Growth Guarantee Scheme helps game development companies by making it easier to get loans with better terms from UK lenders, backed by a government guarantee. If you're a UK-based game developer with a solid business plan and turnover under £45 million, this scheme can support your growth by offering more affordable finance options. Interested in growing your game company? Explore this scheme and see how it can help you get the funding you need!
- 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 Game Development Companies?
The Growth Guarantee Scheme for Game Development Companies is designed to provide critical financial support and stability for video game developers. By offering a safety net, this scheme helps companies navigate the uncertain landscape of game production, encouraging innovation and creativity. It mitigates risks associated with game development, thereby fostering a thriving gaming industry and enabling developers to take on ambitious projects that might have otherwise been deemed too risky.
Financial support
Risk mitigation
Market expansion
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What are the different types of Growth Guarantee Scheme for Game Development Companies?
Loan Guarantee Scheme
Government-backed guarantees for loans to game development companies.
Revenue-Based Financing Guarantee
Guarantees for investments repaid through a share of future revenues.
Export Credit Guarantee
Guarantees to support game studios in exporting and international market entry.
What is the Growth Guarantee Scheme for Game Development Companies?
Government-Backed Loan Guarantee
The Growth Guarantee Scheme provides a government-backed guarantee on loans to eligible businesses, including game development companies, helping them access financing from lenders who might otherwise view the sector as too risky. This guarantee covers up to 70% of the lender's potential losses, though the borrower remains responsible for the full amount.
Eligibility and Flexible Financing Options
Game development companies can qualify for the scheme if they are UK-based, have been trading for at least two years, and have a turnover below £45 million. The scheme offers various types of finance, including term loans, asset finance, and overdrafts, with amounts up to £2 million and flexible terms.
Support for Business Growth and Development
The scheme aims to help businesses invest and grow by providing access to capital for product development, hiring, or equipment purchases. While not exclusive to the game industry, eligible game studios can use these funds to scale up operations or bring new titles to market.
FAQ’S
Is the Growth Guarantee Scheme available to game development companies?
Are there sector-specific terms for game development in the Growth Guarantee Scheme?
What is the maximum loan amount under the Growth Guarantee Scheme for game development companies?
Does the Growth Guarantee Scheme require security from game development companies?
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