The South West Regional Growth Fund is a loan scheme which assists businesses with the potential to grow and create or safeguard jobs in the South West.
The fund is provided by SWIG Finance and has been made possible with the support of Lloyds Bank Commercial.
The main terms of the scheme are:
- Loans between £10,000 and £100,000;
- Maximum five year term;
- 12% fixed interest;
- Arrangement fee of 3% payable on draw down;
- Company debentures and unsupported personal guarantees required; and
- Enterprise Finance Guarantee Scheme will be considered where appropriate.
There is no specified requirement for match funding and applications can be made at any time.
Organisations that are interested in applying are requested to fill out a short form which is available to access via the South West Regional Growth Fund website.
Contact details for the fund are:
South West Investment Group, Lowena House, Glenthorne Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9NY
Tel: 01872 223883