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The Growth Guarantee Scheme funds UK construction SMEs in 2026 — main contractors, sub-contractors, trades, property developers, civils firms and plant-hire businesses. Loans of £25,001 to £2,000,000 for plant, working capital, retention bonds, materials and growth.
A non-exhaustive snapshot of the most common GGS use cases we see across our British Business Bank‑accredited lender panel for construction businesses.
Excavators, telehandlers, dumpers, vans, tipper trucks — under the GGS asset-finance variant.
Bulk material orders ahead of programme milestones, when client payment runs 30–90 days behind.
Funding the working-capital gap between practical completion and retention release.
Deposit on a development site, professional fees, planning costs — pre-development funding.
Funding the gap between paying labour weekly and being paid by the main contractor monthly.
Consolidating multiple HP / asset-finance lines, factoring lines, and overdrafts.
There are dozens of UK business-loan products. Here’s why GGS is usually the right one for construction — and when it isn’t.
Construction is well-served on the BBB GGS panel — both bank and specialist lenders write to it routinely.
GGS supports asset-finance facilities on commercial vehicles and plant with the same 70% guarantee.
Critical for owner-managed contractor businesses — the principal private residence cannot be taken as security.
Long terms align repayment with the asset’s working life on site.
Plain-English answers to the questions construction business owners ask us most often about GGS.
Yes. Construction is an accepted sector under the British Business Bank GGS rules — provided the business is UK‑trading, has turnover under £45m on a group basis, and the lender considers it viable. Most accredited GGS lenders write to construction regularly and apply mainstream pricing.
£25,001 to £2,000,000 per business group. The actual amount any one lender will offer depends on filed accounts, bank statements, the asset or use of funds, and director affordability — but the scheme ceiling is £2m.
Specialist non-bank GGS lenders typically fund in 5–15 working days. Challenger banks 2–4 weeks. High-street banks 4–8 weeks for a new-to-bank case. The broker enquiry itself takes minutes.
Often yes for material directors — but the British Business Bank rules state explicitly that a borrower’s principal private residence cannot be taken as security under GGS. So while a personal guarantee is common, it does not put your home at risk.
Yes. Existing borrowing — including merchant cash advances, asset finance, overdrafts, RLS, CBILS, BBLS or other GGS facilities — doesn’t disqualify a new GGS application. Lenders look at total affordability, not the existence of other facilities.
The big difference is the 70% guarantee the British Business Bank gives the lender — this lets the lender approve cases they would otherwise decline, lend larger amounts (up to £2m vs typically £500k for commercial unsecured), and offer longer terms. The borrower remains 100% liable either way.
Yes. The two are not mutually exclusive. See UK Government Business Grants 2026 for live programmes, and grants vs GGS for a head‑to‑head comparison.
Every page below feeds the same panel of British Business Bank-accredited GGS lenders. Pick the deep-dive that matches your question, or jump to grants and alternative funding routes.
Important information: The Business Hub is a credit broker, not a lender. We introduce UK businesses to a panel of lenders and finance providers. Business finance products for limited companies (including unsecured loans, merchant cash advances and Growth Guarantee Scheme facilities) are generally not regulated by the Financial Conduct Authority. Any rates or quotes shown are indicative, for information purposes only, and subject to status, lender criteria and separate terms & conditions. Personal Guarantees and Indemnities may be required — under the Growth Guarantee Scheme the borrower always remains 100% liable for the debt. We may receive a commission from lenders, which can vary depending on the lender, product or other permissible factors; the nature of any commission model will be confirmed before you proceed.
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