News is starting to circulate that a new round of money from the Regional Growth Fund is to be released this October. Information suggests that around £300m will be made available to businesses. The fund will require minimum bids of £1m, and as always, projects which will attract significant private investment and create long term employment are highly sought after.
The Regional Growth Fund has been the government's answer to a distressed SME and start-up sector squeezed by bank's increasingly tightened credit conditions.
The next round of funding will open to applications on 11th October and close on 9th December 2013, so firms thinking of applying should start considering the size and timing of their bid to help them expand and hire new staff.
Here at Field Associates, we think this is a great opportunity for companies to seek a new source of investment, and some of our clients are already asking about what they need to do to apply to the fund, and how best to leverage a successful application to attract more funding from other sources we have available.
To find out more about how Isis Business Brokers can help you and your business make a successful bid through the RGF, and how you might best invest the money you receive, drop into one of our free clinics for a confidential chat with one of our senior consultants. Alternatively, fill in your details in our contact form, and arrange a callback today!