Written Question·Department for Business and Trade·UIN 80851
Growth Guarantee Scheme
Tabled: 10 October 2025
Answered: 20 October 2025
Named DayQuestion
John Milne
Liberal Democrat — Horsham
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
Blair McDougallThe 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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