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Growth Guarantee Scheme (GGS)
A UK government-backed scheme designed to stimulate business growth.
The GGS operates by offering loans to eligible UK businesses that demonstrate a solid growth potential. By guaranteeing the lender 70% of the outstanding funds, the government encourages lenders to provide financing at more favourable terms, such as lower interest rates. This makes it easier for businesses to access the capital necessary for expansion, investment in new equipment, hiring additional staff, or entering new markets.
The Growth Guarantee Scheme (GGS) is intended to boost the UK economy by supporting businesses growth. It aims to create jobs, increase productivity, and foster innovation. By reducing the financial barriers to business expansion, the GGS can help businesses achieve their full potential and contribute to the overall economic prosperity of the United Kingdom.
Learn more on how Portman can support your business with the Growth Guarantee Scheme GGS
