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The East of England Regional Growth Loan Scheme is a loan scheme aimed at filling the gap between traditional debt and equity funding. It can be a stand-alone funding source, but is complementary to other sources of finance e.g. traditional bank borrowing, including the Enterprise Finance Guarantee scheme and equity. The scheme is effective in unlocking other forms of finance and in many of the deals agreed it has formed part of a larger finance package. The scheme is administered by Finance East.
Who is it for?
To support established companies with the potential for significant growth who are based within the counties of Essex, Suffolk, Norfolk, Cambridgeshire, Bedfordshire and Hertfordshire.
What is meant by growth potential?
Loans will be made available to those companies able to meet the following criteria:
What are the key terms?
How do I apply?
Applications should be made direct to Finance East. Please click on the link in the right hand corner of this page to find out more.
What is the application process?
Finance East will discuss your requirements and make an initial assessment at the point of contact. Should you meet the criteria you will be invited to submit a full application form and business plan. Subject to assessment, if you are successful in securing a loan the funds should be available to you within 4 to 6 weeks of the date the original application was received.
The loan facility is not available to businesses seeking to refinance existing financial arrangements or to address long outstanding creditor positions, including HMRC.
The following sectors are excluded:
For further information and application form, please visit see the contact information in the right hand corner of this page.