Are you keen to grow your business, but struggling to gain investment or affordable finance?
The British Business Bank announced, on the 6th July, the £200 million South West Investment Fund – aiming to aid growth and prosperity in this area, as well as breaking down barriers to finance.
The fund will offer a new supply of early-stage finance for new and growing businesses. It will aim to help with company expansion, service innovation, as well as capital acquisitions. There are a range of finance options accessible: with loans from £25k to £2million on offer, as well as an equity investment in your business of up to £5 million.
Chief Secretary to the Treasury John Glen called the South West 'home to some of the most creative, innovative and exciting businesses' in the country, and believes that the fund is 'vital investment to nourish that potential'.
So far, already 350 businesses have expressed their interest.
Provided your business is based in the areas listed below, you can be eligible for the fund.
Areas the fund covers
- Cornwall & the Isles of Scilly
- Devon
- Somerset
- Dorset
- Wiltshire
- Bristol
- Gloucestershire
Contact us today if you need more information about how this fund can work for you.