X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.
 

Sunday, 28 December 2014

Cheap loans for Cumbria's small businesses

Small and medium-sized businesses in Cumbria can apply for loans of up to £150,000 at an interest rate of only one per cent.

The county’s Local Enterprise Partnership (LEP) has £1m available.

Firms with up to 250 employees can apply for loans to fund capital projects that create jobs.

Applicants need to demonstrate that the project is viable, that it can create jobs and a sufficient return to repay the loan. They must also provide security against the value of the loan.

The initiative is being delivered through the Cumbria Infrastructure Fund (CIF), a £6.1 million pot from the Government’s Growing Places fund which is a permanent fixture. Once loans have been paid back, the money will be loaned out again.

Information on how to apply is on the Cumbria LEP website www.cumbrialep.co.uk. Call Leanne Beverley on 01228 226628 or email leanne.beverley@cumbria.gov.uk.

Help to put together business plans and apply is available through Cumbria Chamber of Commerce’s growth-hub advisers. Contact Emma Blaney on 0845 226 0040 or email emma@cumbriachamber.co.uk.

SHARE THIS ARTICLE

North West Evening Mail What's on search










Powered by
nwemail.co.uk/jobs

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk






Featured companies

Searching for featured companies...
Search for:

Vote

Will you be hoping for a bargain in the January sales?

Yes

No

Show Result


Light up a life

Go green 36

Post 16 education

Go green 36


To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out