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 £186.38 million drawn across 965 facilities in information and communication. That is an average of about £193,140 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 information and communication with 34 loans worth £4.3 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.
Equity-funded businesses
If your business has received funding through the Enterprise Investment Scheme, you are eligible, provided you meet the other criteria. For Northern Ireland applicants, the group's risk finance aid is limited: if it totals more than £14.8 million, there is a limit on additional de minimis aid, and above that the business is not eligible for aid under the scheme. Examples of relevant risk finance schemes include the EIS, Venture Capital Trusts and the Seed Enterprise Investment Scheme.
The British Business Bank also reports professional, scientific and technical activities separately: £327.50 million across 1,816 facilities.
Viability
The lender must consider your proposal viable. Lenders assess businesses with little trading history differently, so explain your plans and cash flow.
Test your repayments with the GGS loan affordability calculator.
For newer businesses, see GGS for start-ups.
QUESTIONS
Growth Guarantee Scheme for technology businesses: questions
Does EIS funding stop me applying?
No. If you have received funding through the Enterprise Investment Scheme you can apply, provided you meet the other criteria.
Is software excluded?
No. Only certain types of organisation and mining and petroleum activities are excluded.