Growth Guarantee Scheme in Wales

The scheme in Wales

Wales has the same limits and criteria as the rest of the UK outside Northern Ireland: facilities of up to £2 million per business group, term loans and asset finance for up to six years, and overdrafts and invoice finance for up to three years. Term loans and overdrafts start at £25,001, and asset finance, invoice finance and asset-based lending from £1,000.

Wales is outside the scope of the Northern Ireland Protocol, so the subsidy allowance is £315,000 over three fiscal years. A GGS facility counts as a subsidy, and any previous subsidy can reduce the amount you can borrow.

Lending in Wales

The British Business Bank's performance data as at 30 June 2026, which combines GGS with the third Recovery Loan Scheme, shows 912 facilities in Wales and £138.99 million drawn. That is 46.99 facilities per 10,000 SMEs, the third highest of the twelve regions and nations listed, behind the West Midlands (51.42) and the North West (50.13).

For comparison, Scotland had 38.40 facilities per 10,000 SMEs and Northern Ireland 19.40. Across the UK there were 22,947 facilities and £3.96 billion drawn.

Finding a lender in Wales

The British Business Bank's accredited lenders list returned 38 lenders for the Wales filter on 27 October 2026. That includes lenders tagged UK wide. Not every lender provides every type of finance, so filter by the type you want.

The British Business Bank does not publish lenders' rates or lending limits, so compare quotes from more than one lender.

See the accredited lenders serving Wales.

Compare quotes with the GGS loan comparison calculator.