Building Better Finance for SMEs Corporate Member Building Better Finance for SMEs Aldermore joins Growth Guarantee Scheme to boost SME finance Published: 8th August 2025 Share Aldermore has announced it is now an accredited lender under the British Business Bank’s Growth Guarantee Scheme (GGS), offering both Invoice Finance and Term Loan options. The GGS, which replaces the Recovery Loan Scheme, provides accredited lenders with a government-backed guarantee, while borrowers remain fully liable for their debt. Designed to improve access to finance for UK small and medium-sized enterprises, the scheme aims to help businesses invest, expand, and secure more favourable borrowing terms. Aldermore’s participation means both existing Invoice Finance clients and new customers will be able to benefit from the programme. Through the Invoice Finance option, eligible businesses can access facilities of up to £2 million, with the value determined by Aldermore and reviewed according to the facility limit. While increases to the limit can be considered for exceptional circumstances, the scheme excludes inter-company debt, aged debtors, and disputed debt. The Term Loan variant will be available alongside an Invoice Finance facility with Aldermore, offering loans between £25,000 and £2 million, with repayment terms ranging from three months to six years. Chris Meldrum, Head of Business Development for Invoice Finance at Aldermore, said the scheme represents a natural progression for the bank’s long-standing involvement in government-backed lending. “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 at the British Business Bank, welcomed Aldermore’s involvement. “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,” he said. Corporate Member Aldermore Aldermore is the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than… View Profile All members Lisa Laverick Editor - Finance Connect Sign up to our newsletter Featured Stories Building Better Finance for SMEsCall for policies to boost female-owned SMEs Building Better Finance for SMEsSME cashflow pressure sparks hike in working capital loans Building Better Finance for SMEsCashflow crisis affects 37% of SMEs
