The Government’s Growth Guarantee Scheme is an important intervention that supports UK businesses and helps them grow without requiring immediate additional funding. We recommend that as a first step the Government: (a) doubles the size of the growth guarantee scheme; (b) sets out a specific multi-year path to match the scale of publicly-backed US and Germany loan guarantee levels; (c) increases the maximum loan size from £2 million to £5 million; and (d) makes the scheme permanent rather than extending to 2030. (Recommendation, Paragraph 137)