Aldermore offers the Growth Guarantee Scheme to help SMEs
07 August 2025
Aldermore today confirms it is now an accredited lender under the Invoice Finance and Term Loan variants of the British Business Bank’s Growth Guarantee Scheme (GGS), the successor scheme to the Recovery Loan Scheme (RLS), under which Aldermore was also an accredited lender.
The GGS provides Aldermore and other accredited lenders with a government-backed guarantee and the borrower remains 100% liable for the debt. This scheme is designed to support access to finance for UK SMEs as they look to invest and grow. It also aims to improve the terms on offer to borrowers and is available to both existing Aldermore Invoice Finance clients and new prospective clients.
Aldermore’s Invoice Finance GGS features include:
- Maximum facility of £2m per business group[1]
- Fixed £ value up to the maximum of the facility review limit, with value to be determined by Aldermore
- Increase on facility limit can be considered to accommodate some extraordinary events but cannot include inter-company debt, aged debtors and disputed debt.
Aldermore’s term loan GGS features include:
- Sits alongside the client’s invoice finance facility with Aldermore
- Term loans between £25k and £2m per business group1
- Term length available between three months to six years.
Chris Meldrum, Head of Business Development of Invoice Finance at Aldermore comments:
“As a long-standing partner in Government backed lending schemes, it’s a natural step to now offer the Invoice Finance variant of the Growth Guarantee Scheme. This initiative allows us to continue providing vital financial solutions that help businesses invest, scale, and drive economic growth.
“At Aldermore, we understand the challenges SMEs face in accessing finance, and we’re committed to offering flexible and tailored funding options that empower them to succeed.”
Reinald de Monchy, Chief Banking Officer, British Business Bank said:
“We’re delighted that Aldermore has been accredited as a delivery partner under our Growth Guarantee Scheme. Their provision of Invoice Finance and Term Loans will help to increase the choice and diversity of finance available to smaller businesses in the UK. We look forward to seeing the growth that Aldermore can help generate for the businesses they support.”
