Chancellor Rachel Reeves revealed an SME funding bundle forward of her Mansion Home speech on July 14, 2026. Probably the most notable measures for scale-ups are:
Growth of the Development Assure Scheme
Portfolio assure scheme for exporters
Expanded ENABLE Ensures
New Development Alliance
Right here’s what you’ll want to learn about every.
Growth of the Development Assure Scheme
This announcement is the principle occasion for small companies. The Development Assure Scheme gives a 70% authorities assure on business loans to SMEs of as much as £2 million
The scheme shall be scaling as much as facilitate an additional £2 billion of SME funding by 2028/29. Meaning:
A rise within the most mortgage size from six years to 10 years for loans of as much as £1.1 million
A rise within the most measurement of a mortgage from £45 million to £54 million
British Enterprise Financial institution reckons this can assist an additional 12,000 SMEs by 2028/29. Each £1 spent on the scheme is estimated to assist £10 of lending by banks.
Portfolio Grant Scheme
Launching in spring 2027, the portfolio grant scheme will assist corporations entry lending to assist exporting and broaden into worldwide markets.
Expanded ENABLE Ensures
The British Enterprise Financial institution has allotted £500 million of the monetary capability to its present ENABLE scheme for scaling corporations which can be wealthy in mental property.
New Development Alliance
The federal government is setting out a ‘complete bundle of reforms,’ making it simpler for scale-ups to entry financing, together with a New Development Alliance.
Irene Graham OBE, CEO, ScaleUp Institute, stated:
“The announcement of the growth of the British Enterprise Financial institution’s Development Assure Scheme and ENABLE Programme, alongside a brand new bundle of companies delivered collectively by UK Export Finance and the British Enterprise Financial institution, represents a welcome bundle of assist for modern scaling corporations searching for to broaden internationally and develop their exports.”
Learn extra
The way to elevate pre-seed funding – In the event you’re a younger enterprise that wants finance to develop, it may very well be time to look into pre-seed funding. Right here’s methods to do it
Funding rounds: A Development Enterprise information – From pre-seed stage to Sequence C and past, right here’s what the fundraising jargon means and what to anticipate for every spherical
