Applications for Personal Guarantee Insurance more than double in a year
April 2026 – Data from Purbeck Insurance Services, the UK’s only provider of personal guarantee insurance reveals a significant increase in the number of directors/owners of manufacturers seeking Personal Guarantee Insurance (PGI) to support their expansion plans and manage financial risk. The demand for PGI is not only growing in volume with the number of applications up 135% on Q1 2025, but also shifting in purpose.
While working capital remains a primary reason for seeking finance—accounting for 47% of manufacturing PGI applications in Q1 2026, applications driven by growth initiatives doubled year on year.
Across all sectors, Manufacturing now accounts for 9.1% of all PGI applications, up from 6.4% in Q1 2025, underscoring the sector’s increasing reliance on this financial safeguard.
The financial stakes for manufacturing directors are also increasing. The average loan amount associated with PGI applications in the manufacturing sector reached £188,413 in Q1 2026, a significant rise from the £164,964 average seen in Q1 2025.
Todd Davison, MD of Purbeck Insurance Services said: “The Q1 2026 data clearly shows that manufacturing directors are becoming more proactive in protecting their personal assets as they seek the capital required for growth. The doubling of application volumes and the shift toward investment-focused finance indicates a sector that is looking forward with ambition, but also with a prudent eye on risk management.
Key Q1 2026 Manufacturing Highlights (vs Q1 2025):
- Total Applications:135% Increase
- Average Loan Value: £188,413 (up from £164,964)
- Growth Investment Applications: Doubled
About Purbeck Insurance Services
Purbeck Insurance Services is a Personal Guarantee Insurance specialist supporting Small and Medium sized Enterprises (“SMEs”) and promoting business confidence
Insurance policies backed by Markel International Insurance Company Limited (“Markel”), an A-Rated insurer, as rated by A.M. Best (A), Fitch (A+) and S&P (A). Markel is a shareholder in Purbeck Insurance Services