Growth Guarantee Scheme for manufacturers

GGS lending in this sector

The British Business Bank's performance data as at 30 June 2026, which combines GGS with the third Recovery Loan Scheme, shows £625.43 million drawn across 3,064 facilities in manufacturing. That is an average of about £204,122 a facility, out of £3,963.87 million and 22,947 facilities across all sectors.

In Scotland, the British Business Bank's 2 June 2026 release shows manufacturing with 121 loans worth £20.5 million.

In the UK-wide data, business term loans were £2,917.17 million across 15,920 facilities and asset finance £914.50 million across 6,477. Invoice finance was £115.47 million across 525 facilities and revolving credit (overdrafts) £16.73 million across 25.

Exporters

Exporters are eligible for GGS provided the facility will not be used to run an advertising campaign outside the UK, manufacture a product only available to customers in a market outside the UK, establish a representative office or appoint an agent outside the UK, set up or operate a distribution network outside the UK, or fulfil a direct export order. The business self-certifies this.

That matters to manufacturers selling abroad: the finance can fund UK activity, but not these export-specific uses.

Choosing a product

Equipment is the common use. Asset finance runs for up to six years, and the minimum is £1,000. Term loans and overdrafts start at £25,001.

Compare options with the GGS asset finance calculator.

To borrow against stock and equipment, see the GGS asset-based lending calculator.