The Enterprise M3 Local Enterprise Partnership has committed £10 million of capital to create a funding escalator comprising a loan scheme and an equity fund managed by The FSE Group.
If you are an ambitious SME based within the Enterprise M3 geographic area with the potential to deliver high growth and employment opportunities, you may be eligible to apply.
The FSE fund managers offer guidance and support during the application process and further help after the loan or investment is made. More information and details about how to apply can be found below.
The Enterprise M3 Expansion Loan Scheme can provide up to £300,000 by way of a loan to established SME businesses requiring finance to implement expansion activities that will deliver substantial growth.
The Enterprise M3 Short Term Trade Loan Scheme can provide £50,000 to £300,000 loan funding to SME businesses with a short term trade funding requirement.
The Enterprise M3 Growth Fund invests in high growth small and medium sized businesses and can provide up to £200,000 as an equity investment. The investment must be matched by at least an equal amount of private investment, which the FSE Group can work with the company to source.
A further product within The FSE Group’s portfolio for which your SME could be eligible is the Trade Finance Loan Scheme.
The term trade finance loan is available to eligible SMEs who are established as a limited company and have a material part of its operations located within the Enterprise M3.
Loan amounts range from £50,000 – £300,000 and are repayable over 3 – 12 months.
You could be eligible for this scheme if you have a short-term trade funding requirement that may include the following criteria:
For more information contact Cheryl Weeks at firstname.lastname@example.org Tel: 01276 607303 / 07866 835143.
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