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Growth Guarantee Scheme for Graduate Recruitment Agencies!
The Growth Guarantee Scheme for Graduate Recruitment Agencies is a UK government-backed program that helps these agencies access loans to invest in and grow their business. It offers financial support with government guarantees to make borrowing easier and safer. Interested? Reach out to learn how this scheme can help your agency thrive.
- 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 Graduate Recruitment Agencies?
The Growth Guarantee Scheme for Graduate Recruitment Agencies provides a financial safety net, encouraging agencies to innovate and enhance their services while ensuring graduates secure meaningful employment. This scheme supports agencies in building lasting relationships with clients and improving the overall quality of recruitment, fostering trust and sustainability in the hiring process.
Financial security
Increased client trust
Long-term partnerships
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What are the different types of Growth Guarantee Scheme for Graduate Recruitment Agencies?
Government-Backed Loan Guarantees
Loans guaranteed by the government to help agencies access finance for growth.
Revenue Protection Schemes
Schemes that protect agencies' revenue against client defaults or downturns.
Talent Pipeline Support Programs
Programs that support agencies in building a steady graduate talent pool.
What is the Growth Guarantee Scheme for Graduate Recruitment Agencies?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme (GGS) provides a government guarantee on loans for small and medium businesses, including graduate recruitment agencies. This makes it easier for these agencies to access funding by reducing the financial risk for lenders.
Flexible Funding for Growth
Under this scheme, recruitment agencies can access loans of £10,000 to £2 million with terms up to six years. These funds can be used for various business needs, such as expanding operations, hiring talent, or investing in new technologies, helping agencies grow more quickly and securely.
Eligibility and Support for Agencies
Graduate recruitment agencies with up to £45 million turnover, trading primarily in the UK, and operating as viable businesses are eligible. The scheme removes barriers like the need to use family homes as security and allows agencies to apply even if they have used similar schemes in the past.
FAQ’S
Are Graduate Recruitment Agencies eligible for the Growth Guarantee Scheme?
How much can Graduate Recruitment Agencies borrow under the Growth Guarantee Scheme?
Can Graduate Recruitment Agencies apply if they previously received a CBILS, RLS or BBLS loan?
Do Graduate Recruitment Agencies need to provide personal guarantees for GGS loans?
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