SIS accredited as a lender under the Growth Guarantee Scheme

The Growth Guarantee Scheme, managed by British Business Bank and unveiled as the successor to the Recovery Loan Scheme, is designed to enhance access to finance for UK smaller businesses. Running from 1 July 2024 to 31 March 2026, the scheme aims to support around 11,000 businesses by providing a range of financial products, including term loans.

We are providing social enterprises and charities:

• Term Loans from £25,001 and £375,000;
• Flexible terms: Loan terms range from three months to six years for different financial products.
• Accessibility: Businesses with existing loans from previous schemes like Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) or a Recovery Loan Scheme (RLS) can still apply, though it may affect their borrowing limits.

In a challenging economic environment, The Growth Guarantee Scheme's government-backed 70% guarantee increases access to credit for borrowers, mitigates risk for lenders and stimulates activity by encouraging lending and borrowing. This can lead to increased investment, consumption, and overall economic growth.

Find out more
To learn more about the Growth Guarantee scheme click here.