Guidance

UK Guarantees scheme key documents

The Chancellor has announced that the £40 billion UK Guarantees scheme will be extended to at least 2026.

Documents

A brief overview of the standard documentation (prepared by Allen & Overy)

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Pro forma Deed of Guarantee

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Pro forma Guarantee and Reimbursement Agreement

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UK Guarantees pro forma term sheet

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Details

UK Guarantees is a government scheme designed to kickstart crucial infrastructure projects.

Government support will take the form of an unconditional and irrevocable financial guarantee (the UK Guarantee) of scheduled principal and interest in favour of a lender to a UK infrastructure project. At the Autumn Statement 2016, the Chancellor announced that availability of the scheme will be extended to at least 2026.

Published 23 June 2013
Last updated 25 November 2015 + show all updates
  1. UK Guarantees scheme will be extended to March 2021
  2. added UK Guarantees Pro Forma Term Sheet
  3. removed: 'that have stalled because of adverse credit conditions'
  4. First published.