The exemption
Most businesses must generate more than 50% of their turnover from trading activity in the UK. Registered charities and further education establishments are exempt from that requirement. They must conduct their activities in the UK with the core of their operations here.
The other criteria still apply: turnover up to £45 million (on a group basis), a borrowing proposal the lender considers viable, and not being a business in difficulty.
Who is not eligible
Public-sector bodies and state-funded primary and secondary schools are not eligible. Whether a particular organisation counts is for the lender to confirm.
What next
Approach an accredited lender. The data does not break out charities, so there are no charity-specific lending figures to report.
Check your answers with the GGS eligibility checker.
Browse the accredited lenders list.
QUESTIONS
Growth Guarantee Scheme for charities and colleges: questions
Do charities have to meet the 50% trading test?
No. Registered charities and further education establishments are exempt.
Are all not-for-profits exempt?
The British Business Bank names registered charities and further education establishments. Ask your lender about other types of organisation.