Business Finance
Finance and grant initiatives are available at a number of
levels for firms wishing to expand or those looking for initial
funding to get a business idea underway.
Crewe Development Agency
Provides financial assistance to all sizes of organisations
within the Borough. Unsecured loans can be provided for up to 50%
of the eligible capital expenditure of the product. The
Development agency can be contacted through the South Cheshire
Chamber of Commerce. For more information please contact:
South Cheshire Chamber
Enterprise House
Wistaston Road Business Centre
Crewe
CW2 7RP
Selective Finance Initiative: Tier 3
funding is avialable in selected areas of the Borough of Crewe
and Nantwich. To be eligible the business must be small (typically
less than 50 employees) or medium (50 to 249 employees)
and eligible project costs of up to £1,500,000. The amount of
grant eligible is 15% gross for a small enterprise up to
£100,000; 7.5% for medium enterprises up to a maximum of
£100,000. The funding is administered through the North West
Development Agency. For more information click
here.
Additionally a number of regional grants are available,
subject to qualifying criteria. Cheshire County Grants Database -
click
here to access the
Cheshire County Council grants and loans section. This provides
information on funding schemes available on both a national and
local level in addition to grants and loans information that maybe
available with preferential terms.
The Small Firms Loan Guarantee scheme enables a business to
get a loan which would otherwise be turned down because of lack of
security. Loans range between two and ten years and for sums
between £5,000 and £100,000 for new businesses or up to £250,000 if
a business has been trading for more than two years. The government
guarantees 75% of the loan, for which the borrower pays the
government a two percent premium. To apply for the scheme
applications are made directly to one of the participating banks or
lenders. For more information, including an information
booklet please visit:
The following sources provide further information:
Business Link
Grants and Business Support including the Business Support
Directory
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Find grants and loans for your business