We know that, through no fault of their own, businesses in the current economic climate are finding it difficult to secure the finance they need – and in some cases have exhausted their traditional borrowing capacity. The Government is committed to help and has launched a package of support to address the cash flow, credit and capital needs of business.
The Capital for Enterprise Fund will provide £75 million of equity, made up of £50m of Government funds and an additional £25 million from Barclays, HSBC, Lloyds TSB and RBS. The purpose of the fund is to provide equity and quasi equity of £250,000 to £2 million for companies with a turnover of up to euro 50 million who have viable business models and growth potential in need of long term capital.
The Fund will be managed by professional experienced fund managers, who will be ready to start investing by the end of January 2009.
Businesses who would like to explore whether the fund might benefit them should call Capital for Enterprise Fund Registration Helpline on 0845 4599780
For further information about this and other Real Help With Finance Scheme visit the Businesslink Website