New and growing businesses in Devon can now apply for loans and investment from the new £200m South West Investment Fund. The fund has been launched by the British Business Bank to boost productivity, innovation and jobs in the South West.
There are three finance options:
- Smaller loans: £25,000 to £100,000
- Debt finance: £100,000 to £2m
- Equity finance: up to £5m
Eligible businesses include start-ups, early-stage businesses and those with expansion and growth plans. Your business needs to be based in or have significant activity in the South West.
Finance can be used to help you develop your business such as leasing new commercial premises, marketing costs, purchasing new equipment or launching a new product or service.
The SWIF is administered by fund managers who can be contacted via the South West Investment Fund website.
Deadline: Ongoing
Please check the website for details: https://www.british-business-bank.co.uk/nations-and-regions-investment-funds/south-west-investment-fund-swif/