Written Question·Department for Business and Trade·UIN 80850

Growth Guarantee Scheme

Tabled: 10 October 2025
Answered: 20 October 2025
Named Day

Question

John Milne

Liberal DemocratHorsham

To ask the Secretary of State for Business and Trade, what assessment he has made of the effectiveness of the British Business Bank’s Growth Guarantee Scheme.

Answer

Blair McDougall
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,...

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