Financial Business Loans
South West Loans Fund
The South West Loans Fund is designed to support viable growth businesses in South West England that have been unable to secure finance from conventional sources. The fund will provide loans of up to £250,000 on fully commercial terms.
The £10million fund has been established jointly by the South West of the England Regional Development Agency, the Cornwall and the Isles of Scilly Convergence Operational Programme ERDF.
Finance available
The Fund offers two loan products:
- Finance for Business for loans of up to £250,000
- Small Loans for Business for loans of up to £50,000
Finance Cornwall was an active investor of both loans and venture capital into Cornish businesses. The fund is currently closed for new business. However, they are available for discussion regarding financial support.
How to apply
Full applications can sometimes be quite time consuming. To cut down the risk of wasted time and ensure the maximum chance of success we recommend that you put together a one page summary which briefly covers the following: company history, company structure, proposed project expenditure, current financial situation and plans/forecasts for the future including employment and growth.
We can then liaise with the funding bodies on your behalf to establish the next step.
Cornwall Pure Business is a service of Cornwall Development Company