Source · Select Committees · Business and Trade Committee
Recommendation 40
40
The Government’s Growth Guarantee Scheme is an important intervention that supports UK businesses and helps...
Recommendation
The Government’s Growth Guarantee Scheme is an important intervention that supports UK businesses and helps them grow without requiring immediate additional funding. We recommend that as a first step the Government: (a) doubles the size of the growth guarantee scheme; (b) sets out a specific multi-year path to match the scale of publicly-backed US and Germany loan guarantee levels; (c) increases the maximum loan size from £2 million to £5 million; and (d) makes the scheme permanent rather than extending to 2030. (Recommendation, Paragraph 137)