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^Growth Guarantee Scheme for Luxury Retailers - Get a Quote

Q: Are luxury retailers eligible for the Growth Guarantee Scheme?

Yes, luxury retailers are eligible if UK-based, trading and have a group turnover of £45m or less, and are not in a sector specifically excluded by the scheme.

Q: What finance options are available under the Growth Guarantee Scheme for luxury retailers?

Luxury retailers can access term loans, overdrafts, asset finance, or invoice finance up to £2m per business group.

Q: Can luxury retailers use Growth Guarantee Scheme funds for any purpose?

Yes, luxury retailers can use funds for any legitimate business purpose, including cashflow management or business investment.

Q: What liability do luxury retailers have under the Growth Guarantee Scheme?

The government guarantees 70% to lenders, but luxury retailers are fully liable for 100% of the debt.

The Growth Guarantee Scheme for Luxury Retailers is a program designed to help upscale stores grow their business by providing support and resources to boost their sales and customer base. It's like a helping hand to ensure these retailers keep thriving and attracting more customers. Interested in learning how your luxury business can benefit? Let’s explore the options!

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What are the ^benefits of Growth Guarantee Scheme for Luxury Retailers?

The Growth Guarantee Scheme for Luxury Retailers provides a safety net for retailers, ensuring that they can achieve a certain level of sales despite market fluctuations. This scheme not only mitigates financial risks but also encourages investment in marketing and customer experience, ultimately promoting brand loyalty among luxury consumers.

Increased sales certainty

Boosted brand loyalty

Reduced financial risk

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Luxury Retailers?

Revenue-Based Financing Guarantees

Schemes where repayments are tied to a percentage of the retailer’s future revenues.

Revenue-Based Financing Guarantees

These schemes allow luxury retailers to access capital with repayments linked to actual sales. This aligns loan payments with store performance, reducing risk during slow periods, and supporting growth without rigid repayment schedules.

Inventory-backed Loan Guarantees

Loans secured by luxury inventory, with the scheme guaranteeing a portion of the risk for lenders.

Inventory-backed Loan Guarantees

Here, luxury retailers use their high-value stock as collateral to obtain financing. The guarantee covers a part of the lender's risk, encouraging banks to support retailers in expanding collections and operations.

Export Expansion Guarantees

Guarantees supporting retailers’ growth into new international markets.

Export Expansion Guarantees

This type helps luxury retailers secure funding for overseas expansion. By guaranteeing loans or investments tied to export activities, it reduces lender risk and encourages global scaling of luxury brands.

What is the Growth Guarantee Scheme for Luxury Retailers?

Government-Backed Loan Guarantees

The Growth Guarantee Scheme offers loans to businesses, including luxury retailers, that are backed by a 70% government guarantee. This means if the retailer is unable to fully repay the loan, the lender is protected for 70% of the outstanding amount, making it easier for retailers to access finance for growth.

Flexible Financing Options and Eligibility

Luxury retailers can apply for different types of funding—like term loans, overdrafts, asset finance, and invoice finance—with loan amounts up to £2 million. Any retailer with a turnover up to £45 million that is based in the UK and financially viable is eligible, making it accessible to a wide range of luxury businesses.

Support for Retail Expansion and Growth

Funds acquired through the scheme can be used for business expansion, asset purchases, cash flow management, or international market growth, supporting the unique needs of luxury retailers to scale their operations or enter new markets.