Apply for the Government’s Growth Guarantee Scheme using Navigate Commercial Finance
Discover how the Government's Growth Guarantee Scheme can support your businesses strategic plans with expert guidance and tailored financial solutions from Navigate Commercial Finance.
In an effort to stimulate economic growth and support businesses, the UK Government has introduced the Growth Guarantee Scheme, replacing the previous Government Backed Schemes. This initiative is designed to provide businesses with the financial support to pursue growth opportunities, even in uncertain times. Navigate Commercial Finance is here to help UK businesses understand and access the benefits of this scheme, ensuring they have the necessary funding to achieve their strategic objectives.
Understanding the Growth Guarantee Scheme:
The Growth Guarantee Scheme is a government-backed initiative aimed at providing guarantees to lenders, note the borrower remains liable for the debt. Here is what you need to know about how it works:
What is the Growth Guarantee Scheme?
The scheme offers a government guarantee to participating lenders, reducing the risk for lenders, and encouraging them to look more favourably to support businesses.
Who is Eligible?
The scheme is open to a wide range of UK-based businesses, from SMEs to larger enterprises, across various sectors. Eligibility criteria may include business size, turnover, and creditworthiness, among other factors.
Market Penetration: Invest in marketing and sales strategies to enter new markets and attract new customers.
How Does It Work?
When a business applies for a loan under the Growth Guarantee Scheme, the government provides a guarantee to the lender. Note the borrower remains liable for the debt.
The Navigate Commercial Finance Advantage
Tailored Financial Solutions: We work with you to understand your business needs and design bespoke financing strategies that align with your goals.
Expert Guidance: Our team of finance experts provides comprehensive support throughout the application process, ensuring you understand all aspects of the scheme and how to maximise its benefits.
Access to Participating Lenders: Leverage our extensive network of lenders who participate in the Growth Guarantee Scheme, ensuring you have access to the right funding options.
Ongoing Support: Beyond securing financing, we offer continued support to help you achieve your strategic objectives.
Key Benefits of the Growth Guarantee Scheme
Support for Growth Initiatives: Use the financing to invest in various growth opportunities such as expanding operations, entering new markets, or upgrading technology.
Increased Financial Stability: With government backing, businesses can achieve greater financial stability, even in challenging economic conditions..
Enhanced Access to Financing: By reducing lender risk, the scheme is designed to help more businesses secure the finance they need
Our Commercial Finance Brokerage Services:
Business Loans
Secure substantial capital with structured repayment terms.
Invoice Financing
Improve liquidity by converting receivables into cash.
Asset Financing
Use your business assets to obtain necessary funds.
Revolving Credit Facilities
Flexible funds for ongoing operational expenses.
Other Solutions, Specialist Partners
From commercial mortgages to bridging and development finance to Research and Development funding and supply chain finance.
“I have known Paul for many years and he is a true professional. I have recommended Paul to several of my clients over the years and he has never failed to deliver. He makes sure he fully understands the needs of the business before making his recommendations and will always think outside the box when looking for solutions. Paul knows the commercial funding market very well and I would highly recommend Navigate to any business in need of raising working capital finance”
Andrew Jones
Cooper Parry
QUICK LINKS
Take the Next Step
Unlock the potential of the Government’s Growth Guarantee Scheme with the right financial guidance and support. Contact Navigate Commercial Finance today to learn how we can help your business secure the funding it needs to grow and thrive.
FAQs on the Growth Guarantee Scheme:
Q: What is the Government’s Growth Guarantee Scheme?
A: It is a government-backed initiative that provides guarantees to lenders, note the borrower remains liable for the debt. This initiative replaces the previous Government backed schemes.
Q: Who can benefit from the Growth Guarantee Scheme?
A: The scheme is open to UK-based businesses of various sizes and sectors, provided they meet the eligibility criteria set by the government and participating lenders.
Q: How do I apply for a loan under the Growth Guarantee Scheme?
A: Contact Navigate Commercial Finance for a detailed assessment of your business needs. We will guide you through the application process with participating lenders.
Q: What types of projects can be financed through the Growth Guarantee Scheme?
A: The scheme can be used to finance a wide range of growth initiatives, including business expansion, market entry, technology upgrades, and more.