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Growth Guarantee Scheme Loan
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Cash flow challenge: I want to invest in growth with support from a government-backed scheme.
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Perfect for: UK-based SMEs with viable growth plans seeking invoice finance backed by the Growth Guarantee Scheme (GGS).
Novuna helps eligible businesses access Growth Guarantee Scheme-backed invoice finance facilities by combining our invoice finance expertise with the benefits of a government-backed scheme.
Our growth funding options
Pages in this SectionThe Growth Guarantee Scheme (GGS)
The successor to the Recovery Loan Scheme, the Growth Guarantee Scheme (GGS) launched in July 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow.
The Growth Guarantee Scheme aims to improve the terms on offer to borrowers. Growth Guarantee Scheme-backed facilities are provided at the discretion of Novuna Business Cash Flow.
We are required to undertake our standard credit and fraud checks for all applicants.
Please note: Novuna Business Cash Flow will only offer the GGS scheme alongside an Invoice Finance facility.
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Scheme features include:
- Up to £2m per business group: The GGS guarantee covers up to £2m per business group. This applies to the scheme element only - invoice finance facilities can be higher. Minimum guarantee starts at £1,000.
- Term length: Facilities can range from 3 months to 3 years.
- Pricing: Interest rates and fees depend on the proposal. Pricing reflects the benefit of the government guarantee and the associated scheme fee.
- Access to multiple schemes: Prior access to CBILS, CLBILS, BBLS or RLS does not disqualify you, though existing borrowing may affect your GGS eligibility.
- Personal guarantees: May be requested, but Principal Private Residences will not be used as security.
- Guarantee to the lender: The GGS provides Novuna with a 70% government-backed guarantee but the borrower remains fully liable for repayment.
- Discretionary lending: All decisions are made by Novuna, subject to our usual credit and fraud checks.
The Growth Guarantee Scheme is managed by the British Business Bank on behalf of the Secretary of State for Business & Trade.
For more details, visit: www.british-business-bank.co.uk/finance-options/debt-finance/growth-guarantee-scheme
GGS eligibility criteria
- Turnover limit: Annual turnover up to £45m (on a group basis)
- UK-based: Must trade in the UK and generate at least 50% of income from trading activity
- Viability:Must present a viable business proposition
- Not in difficulty: Must not be in insolvency proceedings or otherwise considered “in difficulty”
- Subsidy limits: You must confirm that receiving a GGS facility won’t exceed your rolling three-year subsidy allowance
The GGS is regarded as a form of subsidy. We’ll help you understand what that means for your eligibility.
How it works with Novuna Business Cash Flow
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Tell us your growth plans - complete a short form or call
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We assess your eligibility and match you with the right invoice finance facility
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You apply - with full support from our expert team
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Get funded and supported throughout your growth journey
Fast decisions. Flexible options. Funding over £2bn to more than 1,000 SMEs every year.
Is the Growth Guarantee Scheme right for you?
You’re a UK-based SME with growth ambitions
The scheme is designed to help established small and medium businesses scale up.
You need cash flow support alongside your growth plans
It combines working capital support with funding to back expansion strategies.
You’re interested in an invoice finance facility with additional government support
The scheme enhances access to invoice finance through government-backed guarantees.
If that sounds like your situation, we’ll help you compare secured lenders and apply with confidence.
Novuna can support businesses with a range of funding challenges
I want flexible finance to cover ongoing costs
I need to invest in vehicles, equipment or assets
I want funding to expand my team or premises
How we help
How Novuna helps businesses access funding fast
Tell us what you need
Start with a simple form or call - tell us your business challenge.
We compare your options
We compare multiple providers to get you the best deal.
Choose the right type of funding
Access a range of short-term funding options including loans, advances, and invoice finance.
Apply with expert support
Get help applying - with a real expert on hand throughout.
Get clear, transparent terms
No jargon, no surprises - just honest advice with no hidden fees.
Receive funding that grows with your sales
Accounts receivable factoring is a scalable solution that flexes as your turnover increases.
Why take action now
Don’t let cash flow limits delay your growth
Government-backed support can help unlock better finance terms
Acting early ensures the widest range of options
We’ll help you compare lenders to avoid high-cost borrowing
Why choose Novuna Business Cash Flow?
Why businesses trust us to support their growth
We're highly rated by our existing customers
"The communication and support has been outstanding. Providing me with all the information I needed regarding new clients coming onto our books. The system they use is so user friendly and the drawdown payments are very efficient in the fast moving world of temporary payroll.'
More reviewsWe're a multi-award winning business cash flow specialist
Innovation in the SME Sector 2024
Alternative SME Lender of the Year
SME Lender of the Year 2023
Best Use of Technology 2023
Best Provider 2023
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