FINANCE OPTIONS
Growth Guarantee Scheme for Heavy Machinery Manufacturers
Growth Guarantee Scheme for Heavy Machinery Manufacturers is a support plan that helps companies making big machines grow steadily by providing financial backing or other guarantees. It’s designed to encourage confidence and investment in the industry. If you’re in this field, exploring such schemes can be a smart move 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 Heavy Machinery Manufacturers?
The Growth Guarantee Scheme for Heavy Machinery Manufacturers provides financial assistance and incentives to manufacturers, encouraging innovation and expansion in the heavy machinery sector. By ensuring a safety net against losses, it allows manufacturers to invest in new technologies and processes, thereby enhancing productivity and maintaining competitiveness in a rapidly evolving market.
Financial support
Boosted innovation
Market competitiveness
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What are the different types of Growth Guarantee Scheme for Heavy Machinery Manufacturers?
Credit Guarantee Scheme
Government-backed guarantees to lenders for loans given to machinery manufacturers.
Export Guarantee Scheme
Guarantees provided to support manufacturers in exporting heavy machinery overseas.
Performance Guarantee Scheme
Guarantees that back manufacturers’ commitments to deliver and maintain machinery as per contract.
What is the Growth Guarantee Scheme for Heavy Machinery Manufacturers?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides government-backed guarantees for up to 70% of loans taken out by heavy machinery manufacturers. This support reduces the risk for lenders and makes it easier for manufacturers to access funding for investing in new equipment, expanding operations, or managing cashflow.
Support for Asset Finance and Investment
The scheme allows manufacturers to access asset finance options specifically designed for purchasing new or used heavy machinery and related assets. Facility sizes range from as low as £1,000 up to £2 million, with terms tailored to business needs, making it flexible for various investment plans.
Boosts Growth, Job Creation, and Regional Development
By improving access to finance, the scheme has helped thousands of manufacturers invest and grow, resulting in job creation and stronger local economies. It is especially impactful for start-ups and businesses outside major economic centers.
FAQ’S
What finance options are available under the Growth Guarantee Scheme for heavy machinery manufacturers?
Are heavy machinery manufacturers eligible for the Growth Guarantee Scheme?
Does the Growth Guarantee Scheme require security or guarantees?
Can previous recipients of COVID business loans access the Growth Guarantee Scheme for heavy machinery?
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