Growth Guarantee Scheme
Commons · Question 80851 · Tabled 10 Oct 2025 · Department for Business and Trade · Official record
Answered 20 Oct 2025
Question
Asked by John Milne
To ask the Secretary of State for Business and Trade, what assessment they have made of the effectiveness of the Growth Guarantee Scheme in providing loans to small and medium-sized enterprises on terms more favourable than those available commercially.
Answer
Answered by Blair McDougall, 20 Oct 2025
The Growth Guarantee Scheme (GGS) opened for applications in July 2024, replacing the Recovery Loan Scheme, and has recently been extended until 31 March 2029. Evaluations for GGS are currently being procured and will commence in 2026/27. As of June 2025,...