Growth Guarantee Scheme

Summary:

This scheme offers a 70% government guarantee on loans to SMEs of up to £1 million in Northern Ireland.

Eligibility criteria:

Businesses may be eligible for a loan through the Growth Guarantee Scheme if they:

  • are trading in the UK
  • have a turnover of £45 million or less

Businesses need to show that they are viable and not in difficulty.

Additional information:

Businesses can use the finance for any legitimate business purpose - including managing cashflow and investment. However, businesses must be able to afford to take out additional debt finance for these purposes.

Support organisation:
  • Department for Business and Trade
  • British Business Bank
Find out more:
Growth Guarantee Scheme
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