Growth Guarantee Scheme for construction businesses

GGS lending in this sector

The British Business Bank's performance data as at 30 June 2026, which combines GGS with the third Recovery Loan Scheme, shows £384.70 million drawn across 2,560 facilities in construction. That is an average of about £150,273 a facility, out of £3,963.87 million and 22,947 facilities across all sectors.

In Scotland, the British Business Bank's 2 June 2026 release shows construction with 140 loans worth £17.8 million.

In the UK-wide data, business term loans were £2,917.17 million across 15,920 facilities and asset finance £914.50 million across 6,477. Invoice finance was £115.47 million across 525 facilities and revolving credit (overdrafts) £16.73 million across 25.

Equipment and working capital

In Scotland, the largest use of GGS finance was buying or hiring equipment and machinery (456 loans worth £59.9 million). The British Business Bank's release describes a Perthshire construction business that used a GGS facility, provided through Simply Asset Finance, to buy equipment from dumpers to commercial vans.

GGS also supports term loans, overdrafts, invoice finance and asset-based lending, and a business can use the finance for any legitimate business purpose, including managing cash flow.

Work out equipment finance with the GGS asset finance calculator.

If slow payers are the problem, try the GGS invoice finance calculator.

What to check first

Check your turnover against the £45 million limit, that more than 50% of turnover is from trading, and that you are not in relevant insolvency proceedings. A GGS facility counts as a subsidy, so declare earlier subsidy to your lender.