£2m of funding available in the South East.
South East Sustainability Loan Fund
A new £2m fund managed by a subsidiary of Finance South East, South East Sustainability Limited, is now open for business.
The South East Sustainability Loan Fund will provide matching funding to existing sources of publicly funded loan finance including the Accelerator Fund and the Finance for Business: Commercialisation Fund, therefore extending the reach of such funds to eligible businesses.
SEEDA manages the South East ERDF Competitiveness Programme 2007-13 on behalf of the region. The ERDF has allocated £15.2 million (€23.706) to the South East over the period 2007-13.The total value of the programme is €47.412m (£30.4m) running from 2007 to 2013. The aim of programme is to promote competitiveness and sustainability to stimulate innovation and encourage efficient business practice whilst reducing the region’s ecological footprint.
In order to access the new Fund, applicants must initially apply to the primary loan fund and indicate they are interested in being considered for the Sustainability Loan Fund. The new Fund will support businesses that are supplying activities that help to reduce the region’s ecological footprint and therefore companies involved in delivering eco-friendly products or technologies are likely to qualify for consideration. In addition innovative companies operating in other sectors that can demonstrate more resource efficient business practices may be eligible.
For more information please visit www.financesoutheast.com or contact the
Fund Manager, James Edwards, james.edwards@financesoutheast.com, 01276 608531.