PARLIAMENTARY WRITTEN QUESTION
(10 October 2025)

To ask the Secretary of State for Business and Trade, what assessment they have made of the effectiveness of the Growth Guarantee Scheme in providing loans to small and medium-sized enterprises on terms more favourable than those available commercially.

Asked by:
John Milne (Liberal Democrat)

The Growth Guarantee Scheme (GGS) opened for applications in July 2024, replacing the Recovery Loan Scheme, and has recently been extended until 31 March 2029. Evaluations for GGS are currently being procured and will commence in 2026/27.

As of June 2025, GGS had supported a total of 16,082 facilities, driving the sustainability and growth of smaller businesses across the UK. The status of these facilities is summarised in the table below.

Status	Number of facilities	% of facilities
On Schedule	13,912	86.51%
Arrears	368	2.29%
Defaulted	259	1.61%
Claimed	151	0.94%
Settled	481	2.99%
Fully Repaid	911	5.66%
Total	16,082	100.00%

Answered by:
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