How to Apply

Ready to apply? Click on the button below and we’ll send you an application form and guidance.

Growth Guarantee Scheme

  • Borrow between £25,001 and £50,000

  • No hidden fees or penalties

  • Flexible Interest rates

  • One to five year repayment terms

Robert Owen Community Banking Fund offer loans of £25,001 to £50,000 through the Growth Guarantee Scheme.

The successor scheme to the Recovery Loan Scheme, The Growth Guarantee Scheme (GGS) launched in July 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow.

Growth Guarantee Scheme-backed facilities are provided at the discretion of Robert Owen Community Banking Fund Ltd. We are required to undertake our standard credit and fraud checks for all applicants.

Call us on 01686 626234 to discuss your needs and arrange an application. Your application will be individually assessed by our Newtown-based business loan specialists and competitively priced – we’re here to support your business for the long term and we take a personal approach.

Our application process is personalised for your business and helps us make quick and efficient decisions, so you can get on with running your business. We welcome applications for a GGS loan even if you’ve had a loan granted under another scheme of British Business Bank – you do not need to pay these back first but it may reduce the maximum amount you are eligible to apply for. 

  • Get in touch

    Fill out the form at the top of this page.

  • Submit a loan request

    Your application will be reviewed for approval.

  • Application approved

    If approved, the money will be paid into your bank account.

  • make it a success

    Repay the loan over flexible payment terms.

Before you enquire, here’s some important information

All applications are subject to credit checks on both the company and directors. A full credit assessment is completed on all applications.

Your monthly loan repayments can be spread from 3 months to 6 years.

GGS aims to help businesses as they grow and invest.

Although this is a UK Government backed scheme, you are responsible for repaying 100% of the amount borrowed plus interest, fees, and charges.

Frequently Asked Questions

Who can apply?

We’re offering GGS loans to sole traders, partnerships, limited companies, and limited liability partnerships.

Your business must have been trading for at least two years and must be viable. This is reviewed as part of our creditworthiness assessment.

You do not need to be an existing Robert Owen Community Banking Fund customer.

The following are not eligible for the GGS: Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers), public sector bodies, State funded primary and secondary schools

What are the features of the scheme?

– Up to £2m business group:
The maximum amount of a facility provided under the scheme is generally £2m per business group for borrowers outside the scope of the Northern Ireland Protocol, although the maximum we are able to lend is £50,000. Minimum facility size for term loans is £25,001.
Please note due to the nature of our funding we are only able to lend to businesses within Wales.

– Wide range of products:
Growth Guarantee Scheme supports term loans, overdrafts, asset based lending and invoice finance facilities. Not all lenders will be able to offer all products. ROCBF are able to offer term loans under GGS.

– Term length:
Term loans and asset finance facilities are available from three months up to six years, with overdrafts and invoice finance available from three months up to three years;

– Access to multiple schemes:
Businesses that took out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) or a Recovery Loan Scheme (RLS) facility before 30 June 2024 are not prevented from accessing Growth Guarantee Scheme, but borrowing under these schemes may reduce the maximum amount the borrower is eligible for;

– Pricing:
Interest rates and fees charged by ROCBF will vary and will depend on the specific lending proposal. ROCBF pricing will take into account the benefit of the Government guarantee;

– Personal Guarantees:
Personal guarantees can be taken at ROCBF’s discretion, in line with their normal commercial lending practices. Principal Private Residences cannot be taken as security within the Scheme;

– Guarantee is to ROCBF:
The scheme provides the lender with a 70% government-backed guarantee against the outstanding balance of the facility after it has completed its normal recovery process. The borrower always remains 100% liable for the debt;

– Decision-making delegated to ROCBF:
Growth Guarantee Scheme-backed facilities are provided at the discretion of ROCBF. ROCBF and are required to undertake our standard credit and fraud checks for all applicants.

– The assistance provided through Growth Guarantee Scheme, like many Government-backed business support activities, is regarded as a subsidy and is deemed to benefit the borrower. There is a limit to the amount of subsidy that may be received by a borrower, and its wider group, over any rolling three-year period.
Any previous subsidy may reduce the amount a business can borrow. More information on subsidies is available here.

What are the eligibility criteria?

– Turnover limit:
The scheme is open to smaller businesses with a turnover of up to £45m (on a group basis, where part of a group);

– UK-based:
The borrower must be carrying out trading activity in the UK and, for most businesses, generating more than 50% of its income from trading activity;

– Viability test:
Robert Owen Community Banking Fund Ltd must consider that the borrower has a viable business proposition;

– Business in difficulty:
The borrower must not be a business in difficulty, including not being in relevant insolvency proceedings;

– Subsidy limits:
Borrowers will need to provide written confirmation that receipt of the Growth Guarantee Scheme facility will not mean that the business exceeds the maximum
amount of subsidy they are allowed to receive. All borrowers in receipt of a subsidy from a publicly funded programme should be provided with a written statement, confirming the level and type of aid received.

Please note, the following are not eligible under Growth Guarantee Scheme:
– Banks, Building Societies, Insurers and Reinsurers (excluding Insurance Brokers)
– Public sector bodies
– State-funded primary and secondary schools.

What documentation will I need to provide?

You will need to provide certain documents when you apply for an Growth Guarantee-backed facility. These are likely to include:
– Management accounts
– A business plan
– Historic accounts
– Details of assets
– Details of previous subsidy awards

Decision-making on whether a business is eligible for the Growth Guarantee Scheme is fully delegated to ROCBF by the British Business Bank.

The British Business Bank’s Business Guidance pages have a range of guidance and resources for businesses, including information on how to manage your cashflow
and where to find independent advice.

Legal notice
The Growth Guarantee Scheme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business & Trade. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.

What our clients say...

  • I couldn’t have done this without you, this loan has helped me move production from my kitchen table to a dedicated facility!

    Lori Coco Pzazz
  • I think I love you, thank you so much Jackie. We'll definitely stay in touch as I may need some help in the future.

    Hannah Black Barn Flooring
  • Robert Owen Community Banking Fund really really helped us in the emergency. It was really nice to be able to speak to someone person-to-person about our particular position and the help we needed.

    Asher Flowers Enjoy Rogue
  • I am hugely grateful for your support. We couldn't have launched without ROCBF as all other bank lending was unavailable.

    Ky Wright BIOVIT Ltd
  • All the staff I dealt with were helpful and patient, making the process straightforward.

    Powys Home Improvement Loan Customer