{"id":18082,"date":"2024-04-02T12:09:49","date_gmt":"2024-04-02T11:09:49","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=18082"},"modified":"2025-05-07T14:54:19","modified_gmt":"2025-05-07T13:54:19","slug":"growth-guarantee-scheme-new-recovery-loan-scheme","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/growth-guarantee-scheme-new-recovery-loan-scheme\/","title":{"rendered":"Growth Guarantee Scheme: How the new Recovery Loan Scheme works"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tGrowth Guarantee Scheme: How the new Recovery Loan Scheme works\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2024-04-02T12:09:49+01:00\">2 April, 2024<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Growth Guarantee Scheme: How the new Recovery Loan Scheme works\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-gb\/blog\/growth-guarantee-scheme-new-recovery-loan-scheme\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-gb\/blog\/author\/simonbrooke\/\">\n\t\t\t\t<img decoding=\"async\" alt=\"\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2018\/08\/Simon-Brooke.jpg\" class=\"entry-author__image\" height=\"40\" width=\"40\" fetchpriority=\"high\" \/>\t\t\t\t<span class=\"entry-author__name\">Simon Brooke<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"\">Details of the government&#8217;s Growth Guarantee Scheme have been eagerly awaited by many small and medium-sized enterprises (SMEs) around the UK.<\/p>\n\n\n\n<p class=\"\">Brexit, the pandemic and geopolitical tensions are continuing to hit smaller businesses, according to a report by the <a href=\"https:\/\/www.wbs.ac.uk\/news\/small-businesses-need-more-support-as-growth-slows-40-per-cent-report-warns\/\" rel=\"noopener noreferrer\">Enterprise Research Centre<\/a>.<\/p>\n\n\n\n<p class=\"\">&#8220;Support available to small and medium-sized enterprises is\u2026 currently insufficient and too fragmented,&#8221; say the report&#8217;s authors. &#8220;In particular, SMEs need more investment and support on exports, innovation, achieving net zero, and supporting employees with their mental health.&#8221;<\/p>\n\n\n\n<p class=\"\">The Growth Guarantee Scheme \u2013 the new name for the Recovery Loan Scheme \u2013 which was announced by the Chancellor in the <a href=\"https:\/\/www.sage.com\/en-gb\/blog\/spring-budget-2024-announcements-business\/\" rel=\"noopener noreferrer\">2024 Spring Budget<\/a>, promises to give smaller and medium-sized business owners the help they so badly need.<\/p>\n\n\n\n<p class=\"\">Many business groups and leaders had warned any sudden ending of the previous support package, the Recovery Loan Scheme, in June 2024 would be a cliff edge for smaller companies needing loan guarantees.<\/p>\n\n\n\n<p class=\"\">In this article, we share more details about the Growth Guarantee Scheme, how it works, who&#8217;s eligible, how to access it, and more.<\/p>\n\n\n\n<p class=\"\">Here&#8217;s what we cover:<\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-the-growth-guarantee-scheme\" data-level=\"2\">What is the Growth Guarantee Scheme?<\/a><\/li><li><a href=\"#h-when-does-the-growth-guarantee-scheme-start\" data-level=\"2\">When does the Growth Guarantee Scheme start?<\/a><\/li><li><a href=\"#h-how-the-growth-guarantee-scheme-works\" data-level=\"2\">How the Growth Guarantee Scheme Works<\/a><\/li><li><a href=\"#h-what-can-businesses-borrow\" data-level=\"2\">What can businesses borrow?<\/a><\/li><li><a href=\"#h-who-is-eligible-for-the-scheme\" data-level=\"2\">Who is eligible for the scheme?<\/a><ul><li><a href=\"#h-types-of-businesses-that-are-eligible\" data-level=\"3\">Types of businesses that are eligible<\/a><\/li><\/ul><\/li><li><a href=\"#h-who-isn-t-eligible-for-the-scheme\" data-level=\"2\">Who isn&#8217;t eligible for the scheme?<\/a><\/li><li><a href=\"#h-how-businesses-can-access-the-growth-guarantee-scheme\" data-level=\"2\">How businesses can access the Growth Guarantee Scheme<\/a><\/li><li><a href=\"#h-final-thoughts-on-the-growth-guarantee-scheme\" data-level=\"2\">Final thoughts on the Growth Guarantee Scheme<\/a><\/li><\/ul><\/div>\n\n\n\n<p class=\"\"><div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t>Download your free small business toolkit: a guide, business plan template and cash flow forecast template so you can manage your business effectively<\/a>\n<\/div>\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-growth-guarantee-scheme\">What is the Growth Guarantee Scheme?<\/h2>\n\n\n\n<p class=\"\">According to the government, the Growth Guarantee Scheme will extend and build on the work of the Recovery Loan Scheme, helping smaller businesses to access the kind of finance that they need to the likes of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recruit more staff<\/li>\n\n\n\n<li>Invest in new plant and machinery<\/li>\n\n\n\n<li>Upgrade technology<\/li>\n\n\n\n<li>Carry out sales and marketing activities.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Like the previous scheme, the Growth Guarantee Scheme provides a 70% guarantee to participating lenders such as banks and finance houses on lending of up to \u00a32m in Great Britain and \u00a31m in Northern Ireland to smaller businesses.<\/p>\n\n\n\n<p class=\"\">The government believes it will support around 11,000 businesses between 1 July 2024 and 31 March 2026.<\/p>\n\n\n\n<p class=\"\">It is, in effect, the fourth version of the Recovery Loan Scheme and the terms of the scheme will, it appears, remain largely unchanged, the aim being to ensure continuity and consistency for both lenders and small businesses who are looking to borrow for investment.<\/p>\n\n\n\n<p class=\"\">The first two versions of the Recovery Loan Scheme were designed to help British businesses to get access to finance as they recovered from the pandemic.<\/p>\n\n\n\n<p class=\"\">It gave smaller UK companies access to around \u00a34.3bn of financing.<\/p>\n\n\n\n<p class=\"\">The third iteration of the scheme, which was launched in August 2022, has provided more than \u00a31bn.<\/p>\n\n\n\n<p class=\"\">Ninety per cent of the businesses it supported had fewer than 50 employees and approximately 80% of loans have been offered outside London.<\/p>\n\n\n\n<p class=\"\">The Growth Guarantee Scheme is one of a number of measures announced in the 2024 Spring Budget that the government hopes will help small businesses and drive growth in the economy in these difficult times.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-does-the-growth-guarantee-scheme-start\">When does the Growth Guarantee Scheme start?<\/h2>\n\n\n\n<p class=\"\">The Growth Guarantee Scheme begins on 1 July 2024, with the Recovery Loan Scheme due to end on 30 June 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-growth-guarantee-scheme-works\">How the Growth Guarantee Scheme Works<\/h2>\n\n\n\n<p class=\"\">The Growth Guarantee Scheme is available to small businesses through approximately 60 eligible business finance lenders.<\/p>\n\n\n\n<p class=\"\">You as a business don&#8217;t apply for the Scheme yourself \u2013 it comes into play if the lender decides your loan application won&#8217;t be strong enough to meet its usual lending criteria.<\/p>\n\n\n\n<p class=\"\">As well as covering loans, the scheme will also cover asset and invoice financing, with terms extending up to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Six years for loans and asset finance facilities<\/li>\n\n\n\n<li>Three years for overdrafts and invoice finance facilities.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Seventy per cent of the loan that lender makes to you is guaranteed by the scheme \u2013 and, ultimately, the government.<\/p>\n\n\n\n<p class=\"\">It&#8217;s worth noting that even with this hefty guarantee, these loans are still riskier for the lender and so they usually attract slightly higher interest rates.<\/p>\n\n\n\n<p class=\"\">More details about what your business can borrow can be found below.<\/p>\n\n\n\n<p class=\"\"><div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t>Download your free small business toolkit: a guide, business plan template and cash flow forecast template so you can manage your business effectively<\/a>\n<\/div>\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-can-businesses-borrow\">What can businesses borrow?<\/h2>\n\n\n\n<p class=\"\">Businesses in Great Britain can access:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loans or overdrafts between \u00a325,001 and \u00a32m<\/li>\n\n\n\n<li>Invoice or asset finance between \u00a31,000 and 2m.<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Businesses in scope of the Northern Ireland protocol can access:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loans or overdrafts between \u00a325,001 and \u00a31m<\/li>\n\n\n\n<li>Invoice or asset finance between \u00a31,000 and 1m.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-is-eligible-for-the-scheme\">Who is eligible for the scheme?<\/h2>\n\n\n\n<p class=\"\">To be eligible for the Growth Guarantee Scheme, your business will have to be trading in the UK for a minimum of two years or more and be generating more than half of its turnover from trading activity.<\/p>\n\n\n\n<p class=\"\">In other words &#8220;buying and selling goods with a view to making a profit or surplus&#8221;, according to the government.<\/p>\n\n\n\n<p class=\"\">More criteria to be aware of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Your business must have a turnover of less than \u00a345m a year<\/li>\n\n\n\n<li>Your business must not currently be involved in insolvency proceedings<\/li>\n\n\n\n<li>You need to use the loan you receive for a business purpose such as working capital or for investment.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-types-of-businesses-that-are-eligible\">Types of businesses that are eligible<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sole traders<\/li>\n\n\n\n<li>Limited partnerships<\/li>\n\n\n\n<li>Limited liability partnerships<\/li>\n\n\n\n<li>Corporations<\/li>\n\n\n\n<li>Co-operatives and community benefit societies<\/li>\n\n\n\n<li>Other legal entities that carry out business activities in the UK<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-isn-t-eligible-for-the-scheme\">Who isn&#8217;t eligible for the scheme?<\/h2>\n\n\n\n<p class=\"\">The Growth Guarantee Scheme is widely available but there are inevitably limitations.<\/p>\n\n\n\n<p class=\"\">The following are not eligible:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banks<\/li>\n\n\n\n<li>Insurance companies<\/li>\n\n\n\n<li>State-funded schools<\/li>\n\n\n\n<li>Public sector bodies<\/li>\n<\/ul>\n\n\n\n<p class=\"\">It&#8217;s not available, either, to individuals, excluding those who are sole traders or partners acting on behalf of a partnership.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-businesses-can-access-the-growth-guarantee-scheme\">How businesses can access the Growth Guarantee Scheme<\/h2>\n\n\n\n<p class=\"\">Before you apply, you should first check to see that your business is eligible for the scheme.<\/p>\n\n\n\n<p class=\"\">If you do fit the criteria, you can then either go directly to what is expected to be around 60 lenders that are accredited by the government-owned <a href=\"https:\/\/www.british-business-bank.co.uk\" target=\"_blank\" rel=\"noopener noreferrer\">British Business Bank<\/a>.<\/p>\n\n\n\n<p class=\"\">These lenders include banks and smaller, specialist business finance houses.<\/p>\n\n\n\n<p class=\"\">The other option would be to approach a broker who specialises in government-backed finance.<\/p>\n\n\n\n<p class=\"\">These organisations will research the market to find the best lender with the best deal for your business.<\/p>\n\n\n\n<p class=\"\">In some cases, they might be able to pull together loans from a number of lenders in order to construct the most appropriate deal for your needs. Brokers argue that they can help you to put together the most effective, persuasive business case to approach a lender with.<\/p>\n\n\n\n<p class=\"\">Whichever route you take, you&#8217;ll have to do your sums, get together all the necessary paperwork and complete a form from the lender.<\/p>\n\n\n\n<p class=\"\">Essentially, you&#8217;ll have to convince them to provide you with the loan by showing that you&#8217;ll use it in a way that will build your business and improve its resilience and profitability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts-on-the-growth-guarantee-scheme\">Final thoughts on the Growth Guarantee Scheme<\/h2>\n\n\n\n<p class=\"\">The government has designated 2024 the <a href=\"https:\/\/www.icaew.com\/insights\/viewpoints-on-the-news\/2024\/mar-2024\/government-aims-for-year-of-the-sme-in-2024\" rel=\"noopener noreferrer\">Year of the SME<\/a>. This is an acknowledgement of the fact that 99% of UK businesses are SMEs and they support 27 million jobs as well as contributing \u00a34.5tn to the UK economy.<\/p>\n\n\n\n<p class=\"\">The aim of the Growth Guarantee Scheme is to provide an essential lifeline to SMEs up and down the country who are struggling against the continuing economic headwinds.<\/p>\n\n\n\n<p class=\"\">It&#8217;s worth remembering that although it&#8217;s guaranteed by the government, this money is still a loan.<\/p>\n\n\n\n<p class=\"\">You&#8217;ll need to work with your lender or broker, so check that you can meet the interest payments and ultimately repay the loan.<\/p>\n\n\n\n<p class=\"\">That said, going through the process of applying can in itself force you to take a hard, look at your business and have an external expert ask you some tough questions about your cash flow, balance sheet and other operations.<\/p>\n\n\n\n<p class=\"\">If you need support, speak to your accountant if you have one.<\/p>\n\n\n\n<p class=\"\">If you&#8217;re looking to invest and develop your business, it might be well worth exploring your options with the government&#8217;s Growth Guarantee Scheme.<\/p>\n\n\n\n \n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Small business toolkit<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get your free guide, business plan template and cash flow forecast template to help you manage your business and achieve your goals.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-adbf67e7-f26f-4f58-a954-9e67147b2f85\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download your free toolkit<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<div class=\"single-cta__downloads\">\n\t\t\t\t\t\n\t\t\t\t\t4,088 readers have downloaded this guide\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1282134863-1440x810.jpg\" class=\"single-cta__image\" alt=\"Man working on laptop at desk and looking at business priorities\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1282134863-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div 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class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/business-support\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness support\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/government-funding\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tGovernment funding\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/need-to-know\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tNeed to know\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-30564 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations tag-business-costs tag-business-finances tag-business-performance tag-making-tax-digital-for-income-tax business_type-small-business business_type-accountants industry-construction card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/06\/landlord-1440x810.jpg\" class=\"card-post__image\" alt=\"A landlord outside some properties he owns\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/06\/landlord-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/06\/landlord-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/06\/landlord-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-25T11:09:14+01:00\">25 June, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/private-landlords-2026-need-to-know-changes\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tNew legal requirements for private landlords in 2026 and beyond\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tIf you let property as a private individual then there&#8217;s been a handful of key changes in 2026\u2014plus more on the horizon. Here&#8217;s what you need to know.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-30483 post type-post status-publish format-standard has-post-thumbnail hentry category-free-guides-templates category-people-leadership category-strategy-legal-operations category-trends-insights tag-business-performance tag-business-support tag-create-business-plan tag-grow-business tag-make-receive-payments tag-mtd-accountants tag-making-tax-digital-for-income-tax tag-payments tag-performance-management business_type-small-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/the-hidden-hours-behind-late-payments\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-607477465-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-607477465-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-607477465-768x513.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-607477465-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t<svg role=\"presentation\" aria-hidden=\"true\" focusable=\"false\" width=\"24\" height=\"24\" class=\"card-post__meta-icon svg-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\"><path d=\"M11.988 2.989a.75.75 0 0 0-.739.761v10.689l-1.72-1.72a.75.75 0 0 0-.957-.099.75.75 0 0 0-.315.776c.031.146.104.28.211.384l3 3a.75.75 0 0 0 1.06 0l3-3a.76.76 0 0 0 .231-.533.74.74 0 0 0-.22-.538q-.108-.106-.247-.164c-.139-.058-.191-.057-.291-.056s-.198.022-.29.061-.174.097-.243.169l-1.72 1.72V3.75a.76.76 0 0 0-.22-.541.76.76 0 0 0-.542-.22zM5.75 8.5C4.24 8.5 3 9.74 3 11.25v7C3 19.76 4.24 21 5.75 21h12.5c1.51 0 2.75-1.24 2.75-2.75v-7c0-1.51-1.24-2.75-2.75-2.75h-3a.76.76 0 0 0-.537.216.74.74 0 0 0-.223.535.76.76 0 0 0 .223.535.74.74 0 0 0 .537.216h3c.699 0 1.25.551 1.25 1.25v7a1.24 1.24 0 0 1-1.25 1.25H5.75a1.24 1.24 0 0 1-1.25-1.25v-7c0-.699.551-1.25 1.25-1.25h3a.76.76 0 0 0 .537-.216.74.74 0 0 0 .223-.535.76.76 0 0 0-.223-.535.75.75 0 0 0-.537-.216z\" \/><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-19T11:24:18+01:00\">19 June, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe hidden hours behind late payments\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-15795 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accountant-accounting tag-accountant-automation tag-brexit-business tag-business-finances business_type-small-business business_type-medium-sized-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/what-is-account-reconciliation\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-684x384.jpg\" class=\"card-post__image\" alt=\"man in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-02T15:28:18+01:00\">2 June, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccount reconciliation: What it is and best practices\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-30283 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations tag-business-finances tag-financial-education business_type-small-business business_type-medium-sized-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/strategic-budgeting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-768x478.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-1300x810.jpg 1300w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-27T15:12:53+01:00\">27 May, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tStrategic budgeting explained: the finance team&#8217;s role in long-term planning\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-30270 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-bookkeeping tag-business-finances tag-reporting business_type-small-business business_type-medium-sized-business industry-saas\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/saas-revenue-recognition\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-684x384.jpg\" class=\"card-post__image\" alt=\"A man using a computer and protecting himself from phishing\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-768x512.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-27T12:11:12+01:00\">27 May, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tA guide to SaaS revenue recognition with examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Details of the government&#8217;s Growth Guarantee Scheme have been eagerly awaited. Here&#8217;s what your business needs to know about it.<\/p>\n","protected":false},"author":653,"featured_media":11524,"menu_order":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[9],"tags":[135,124,17,206],"business_type":[4],"lilypad":[],"context":[],"industry":[],"persona":[71,73,74,75],"imagine_tag":[96,109],"coauthors":[377],"class_list":["post-18082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy-legal-operations","tag-business-finances","tag-business-support","tag-government-funding","tag-need-to-know","business_type-small-business"],"sage_meta":{"region":"en-gb","author_name":"Simon Brooke","featured_image":"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-616244805.jpg","imagine_tags":{"96":"Medium businesses","109":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice UK","distributor_original_site_url":"https:\/\/www.sage.com\/en-gb\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts\/18082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/comments?post=18082"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts\/18082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/media\/11524"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/media?parent=18082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/categories?post=18082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/tags?post=18082"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/business_type?post=18082"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/lilypad?post=18082"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/context?post=18082"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/industry?post=18082"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/persona?post=18082"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/imagine_tag?post=18082"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/coauthors?post=18082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}