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Go Growth Guarantee Scheme for Pharmaceutical Manufacturers
Growth Guarantee Scheme for Pharmaceutical Manufacturers is a program that helps medicine makers grow by promising support or benefits if they meet certain business goals. It’s designed to encourage growth in the pharmaceutical industry in a secure way. Want to learn more? Feel free to ask!
- 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 Pharmaceutical Manufacturers?
The Growth Guarantee Scheme for Pharmaceutical Manufacturers is an initiative designed to bolster the pharmaceutical sector by providing financial assurances and support for growth. This scheme encourages companies to innovate and expand their production capacities by reducing financial risks associated with market fluctuations. By facilitating access to funding and resources, it helps foster a more stable and competitive pharmaceutical industry, ultimately leading to improved healthcare outcomes.
Supports market expansion
Encourages innovation
Enhances stability
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What are the different types of Growth Guarantee Scheme for Pharmaceutical Manufacturers?
Loan Guarantee Schemes
Government-backed guarantees on loans to pharmaceutical manufacturers.
Performance-Based Guarantees
Guarantees linked to the achievement of specific business or innovation milestones.
Export Credit Guarantees
Government guarantees on loans or insurance for exporters in the pharmaceutical sector.
What is the Growth Guarantee Scheme for Pharmaceutical Manufacturers?
What is the Growth Guarantee Scheme?
The Growth Guarantee Scheme is a government-backed program in the UK that helps small and medium-sized businesses (including manufacturers) access loans and other types of finance to support investment and growth. It provides lenders with a 70% government guarantee on the loan, making it easier and less risky for banks to lend to businesses.
Eligibility and Key Features
The scheme is open to a wide range of sectors, including manufacturing and pharmaceuticals, with business turnover limits (up to £45 million). Loans can be used for purposes like working capital, growth, and investment, with facility sizes up to £2 million. Borrowers are still fully responsible for repaying the debt, and there are certain viability checks and sector restrictions in place.
Types of Support and Use Cases
Support can include term loans, overdrafts, asset finance, invoice finance, and more, via accredited lenders. While not exclusive to pharmaceutical manufacturers, companies in this sector can benefit from easier access to finance for expansion, innovation, or cashflow needs through the scheme, as long as they meet general eligibility criteria.
FAQ’S
Are pharmaceutical manufacturers eligible for the Growth Guarantee Scheme?
What financial products can pharmaceutical manufacturers access through the Growth Guarantee Scheme?
Does the Growth Guarantee Scheme have sector restrictions for pharmaceutical manufacturers?
What is the government guarantee for loans to pharmaceutical manufacturers under the Growth Guarantee Scheme?
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