Help to Grow

This scheme will provide loans to small companies in the UK to become medium-sized businesses.

The programme will have a total budget of £1 billion.

Under the Help to Grow initiative, 500 firms each year will receive financial support through the British Business Bank, both through the form of loans and match funding with private investment.

In May 2016, the British Business Bank launched the initial phase of Help to Grow. The first £30 million tranche of lending supported by the programme will be available to growing businesses through Lloyds Banking Group.

Loans of up to £2 million will support the development of new products and processes, stimulate research and innovation and help businesses target new export markets.

The lending will be available to businesses across all sectors, and is expected to benefit most those with high levels of innovation and growth ambition – such as manufacturing businesses, creative industries and the technology sector.