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Government-Backed Growth Guarantee Scheme

Access funding under the UK Government’s Growth Guarantee Scheme, designed to support viable businesses with asset finance and business loans. The scheme provides lenders with a 70% government guarantee, increasing access to finance and improving borrowing

Gain access to asset finance and business loans backed by a government guarantee, supporting growth with added security.

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Helping businesses access funding through government-backed support.

Growth finance supported by a 70% government guarantee

The Growth Guarantee Scheme (GGS) is a government initiative designed to help viable UK businesses access the finance they need to grow. Whether you’re investing in equipment, managing cash flow, or planning for expansion, the scheme provides lenders with a 70% guarantee, encouraging approvals and more favourable terms. At Allied Business Finance, we help you navigate the application process and identify suitable lenders offering GGS-backed facilities. With support available for both asset finance and business loans, we ensure funding is structured to meet your specific needs and repayment profile.

Asset Finance under GGS 
Access government-supported asset finance to invest in vehicles, machinery, or equipment, preserving capital and improving cash flow.

Business Loans under GGS 
Secure growth funding backed by a government guarantee, helping to strengthen borrowing terms and increase access to capital.

What Asset Finance Options Are Available?

Hire Purchase (HP)

A structured repayment plan where you own the asset at the end of the agreement. Ideal for businesses investing in long-term plant, vehicles, or machinery.

Finance Lease

Use the asset for a fixed period while making regular payments, with the option to continue leasing or upgrade at the end of the term. Suited to businesses looking for flexibility and tax efficiency.

Personal Contract Purchase (PCP)

A vehicle finance option offering lower monthly payments and the choice to purchase, return, or refinance the asset at the end of the term.

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Frequently Asked Questions

We offer a range of asset finance solutions, including hire purchase (with VAT deferral options), leasing, and refinancing. Whether you’re looking to acquire new equipment, vehicles, or machinery, we can tailor a solution that fits your business needs and cash flow.

With hire purchase, you own the asset at the end of the agreement. Our VAT deferral option allows you to delay paying the VAT upfront, helping you manage your cash flow more effectively. This is particularly useful for businesses looking to preserve working capital while acquiring essential assets.

Leasing allows you to use an asset without owning it. At the end of the term, you can either return, upgrade, or extend the lease. Hire purchase, on the other hand, leads to full ownership once all payments are made. The right choice depends on your business goals and tax considerations.

Yes, we offer unsecured and secured business loans for working capital, expansion, or other business needs. Our VAT loans help spread the cost of your VAT bill over manageable monthly payments, reducing cash flow strain.

We understand that speed is crucial for businesses. Many of our finance agreements can be approved within 24–48 hours, depending on the complexity of the deal. We work closely with our lending partners to ensure a smooth and efficient process.

Yes, we offer seasonal payment plans to help businesses with fluctuating income manage their repayments more effectively. This is particularly beneficial for industries like agriculture, tourism, and construction, where cash flow varies throughout the year. With seasonal finance, your repayment schedule is tailored to align with your peak earning periods, reducing financial pressure during quieter months. Speak to our team to find out how we can structure a finance package to suit your business needs.

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