Rosebud Finance & Investing in Growth Skills

Coverage: Burnley, Chorley, Hyndburn, Lancaster, Pendle, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire,

Finance Type: Business Expansion, Capital Investment, Training and Development,

Summary

Managed by Lancashire County Council’s Economic Development Company Lancashire County Development Ltd, Rosebud Finance offers both loans and equity based finance solutions from £10,000 to over £1,000,000 to available high growth businesses operating or moving in toLancashire.

Rosebud Growth Skills offers loans up to £10,000 and is available for high growth businesses that want to invest in training for existing staff to develop new skills or recruit experienced technical, professional or director level staff.

Businesses at any stage of development from start-ups to established SME’s with growth potential for technology and innovation, plant and equipment, mergers and acquisitions can apply for either of the loans outlined.

Rosebud provides flexible loans which can be tailored to business needs at very competitive rates and terms.  Loans arrangements will differ depending on the size of the loan and other factors, but typical terms are an interest rate of 4-5% above the Royal Bank of Scotland base rate, a set up fee of 2.5% and a repayment period over 1-5 years, with no penalty for early repayment.

Equity and equity related finding will be considered for investment in limited companies, particularly for higher value investment. Detailed terms and conditions for each investment are tailored to each business proposal.

Applicants must demonstrate that other options have been explored and those also supported by the banks will be considered favourably.

Rosebud can invest in any good business idea but are particularly interested in applications from the following high growth business sectors, together with those from Leisure and Tourism and Rural.

Funding: From £10,000 up to £1 million

Type of Funding: Loan

Project Timeframe - Expiry Date: n/a

Eligibility: Rosebud is not available to businesses in Blackburn, Darwen and Blackpool area.

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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