Rosebud Fund
Rosebud Fund, established by Lancashire County Developments Limited, offers financial help by way of loan, equity or a combination of the two.
The Rosebud Fund can provide support from £5,000 to £750,000. The Fund is open to businesses operating in almost all industries that are located in the Administrative County of Lancashire and financial support can be made available to help cover a wide range of purposes including the start up of a new business, the purchase of new equipment, the introduction of a new product line, relocation to larger business premises, day to day working capital needs.
The criteria for Rosebud support include the business being commercially viable and having the prospect of creating and preserving employment
The repayment term is usually over five to seven years. Joint funding packages are preferred, whereby a proportion of the total funding need has already been secured or applied for. The typical interest rate payable on Rosebud loan is 2% above Base Rate, with an arrangement fee of 2.5%.
Further Information
For further details please contact:
- Lancashire County Developments Ltd
- 01772 551 888
- www.lcdl.co.uk