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Apply for Growth Guarantee Scheme for Industrial Suppliers
The Growth Guarantee Scheme (GGS) helps small UK businesses, including industrial suppliers, get access to loans backed by the government, making it easier to invest and grow. It offers loans up to £2 million with a 70% government guarantee to lenders, so businesses can get the funding they need with more confidence. If you're running a business and want to grow, 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 Industrial Suppliers?
The Growth Guarantee Scheme for Industrial Suppliers offers a safety net for businesses engaged in industrial supply chains by ensuring financial support and mitigating risks associated with growth initiatives. This scheme not only encourages innovation and expansion but also enhances the competitive landscape by providing suppliers with necessary resources and assurances to invest in their growth strategies. Ultimately, it fosters sustainability and resilience in the industrial sector, promoting a healthier economy.
Financial security
Risk mitigation
Enhanced competitiveness
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What are the different types of Growth Guarantee Scheme for Industrial Suppliers?
Loan Guarantees
Schemes where the government or agencies guarantee a portion of loans for industrial suppliers.
Equity Support
Programs providing direct equity investment or co-investment in industrial suppliers for growth.
Market Access Guarantees
Initiatives that guarantee access to new markets or buyers for industrial suppliers.
What is the Growth Guarantee Scheme for Industrial Suppliers?
Government-Backed Loan Guarantees
The Growth Guarantee Scheme provides a 70% government-backed guarantee to lenders on loans given to industrial suppliers, helping businesses secure financing that they might otherwise struggle to obtain.
Wide Range of Financing Options
Industrial suppliers can access multiple forms of finance under the scheme, including term loans, overdrafts, asset finance, and invoice finance, generally up to £2 million, to support working capital, investment, and business growth.
Eligibility Requirements and Business Growth Support
To qualify, businesses must be UK-based, have a turnover under £45 million, and be considered viable by the lender. The scheme helps strengthen supply chains and boost growth by making finance accessible to a wider pool of industrial suppliers.
FAQ’S
Who can apply for the Growth Guarantee Scheme in the industrial supply sector?
What borrowing limits apply to industrial suppliers under the Growth Guarantee Scheme?
Which types of finance are available to manufacturers or suppliers through the Growth Guarantee Scheme?
Are there restrictions on how industrial suppliers use Growth Guarantee Scheme funds?
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