Growth Guarantee Scheme Eligibility & How to Apply

The Growth Guarantee Scheme is delivered through accredited lenders, each with their own criteria — but the core eligibility rules are consistent.

Core eligibility

• UK-based business carrying out trading activity.
• Turnover typically below the scheme threshold (SME-sized).
• A viable business proposition (you must pass the lender’s normal checks).
• Not a business in difficulty or in relevant insolvency proceedings.

What you will need

Recent accounts and management figures, bank statements, details of the borrowing purpose, and information about existing debt. Limited companies will need director details and may face a personal guarantee on larger facilities (though primary residences are generally protected under the scheme).

How to apply, step by step

1. Confirm broad eligibility (UK SME, viable, not in difficulty).
2. Decide the facility type and amount you need.
3. Gather accounts, statements and a clear use-of-funds summary.
4. Apply through an accredited lender — a broker can match you to the right one.
5. Compare any offers on rate, term and fees before accepting.

Improve your chances

Clean, up-to-date financials and a clear growth rationale make approval far more likely. If GGS is not a fit, our government-backed loans guide covers alternatives.

This article is general information, not financial advice. Eligibility, rates and terms vary by lender and your circumstances. The Loans Hub is a finance broker, not a lender.