Direct help From Furness Enterprise
Direct Help from Furness Enterprise , takes several forms, we know businesses want to access money and markets most of all. We therefore provide easy access to information on finance, skills, training, business events, sites or premises.We also help firms apply for Assisted Area and other discretionary grant schemes and help them structure total business support packages as a starting point for new growth.
Furness Enterprise runs workshops,seminars, masterclasses,training days on a whole variety of business improvement and skills enhamncement subjects - go to our events page to find the upcoming events .
Simply contact us on 01229 820611 to find out more about our various grant and loan schemes, ask for one of our "Looking For Finance" guides, look at the PDF here, . we can also help you to prepare and submit an application for funding under the individual grant and loan schemes summarised below:
| Scheme |
Type |
Amounts |
Open To |
|
| Enterprise Finance Guarantee |
Loan |
guarantee for 75% of £1,000-£1m |
Any Firm |
|
| Furness Loan Funds |
Loan |
£10,000 and £25,000 max |
SMEs |
|
| Small Loans for Business* |
Loan |
£3-50,000 |
SMEs |
|
| Innovation in Business |
Grant |
£1-20,000 |
All Firms |
|
| Grants for Business Investment* |
Grant |
Unlimited to max of 25% capital costs, 35% for firms with under 50 people. |
SMEs |
|
| Grants for Business Investment* |
Grant |
Max 15% for firms with 250+ people |
Large Firms |
|
| GRAND* |
Grant |
Four Schemes to assist research and development: micro grants;research grants;development grants,exceptional project grants
|
SMEs |
|
| Furness Peninsula Enterprise Fund |
Grant |
£1-5,000/job created or safeguarded |
SMEs |
|
| GlaxoSmithKline Enterprise Fund |
Grant |
£1-5,000/job created or safeguarded |
Any Firm |
|
| Innovation Vouchers* |
Grant |
£3 -7,000 max |
SMEs |
|
| Resource Efficiency * |
Grant |
50% up to max £160,000 |
SMEs |
|
Note * All NWDA schemes can be found on www.nwdabusinesfinance.co.uk
Here you can see the full range of Government's financial and business support on their Solutions for Business [PDF].
Enterprise Finance Guarantee Factsheet
What is it?
The £1bn Enterprise Finance Guarantee (EFG) Scheme will support up to £1.3bn of new lending by banks to viable SMEs with working capital or investment needs.
Who will benefit from the scheme?
The EFG Scheme is open to businesses with an annual turnover of up to £25m, seeking loans of £1,000 to £1m, repayable over a period of 10 years. Most businesses in most sectors will be eligible for the scheme. However state aid rules exclude businesses in agriculture, coal and steel sectors.
What sorts of lending will this cover?
The guarantee can be used to support new loans, refinance existing loans or to convert part or all of an existing overdraft into a loan to release capacity to meet working capital needs.
How much of the loan will Government guarantee?
Government will guarantee 75 per cent of the loan.
How long will the scheme run for?
EFG will be available from Wednesday 14 January 2009 and will operate until March 2010.
Who are the participating lenders?
Barclays
Clydesdale / Yorkshire Bank
HBOS
HSBC
Lloyds TSB
RBS / Natwest
Northern Bank
It will become available to other lenders as they apply.
