Businesses in Newark and Sherwood encouraged to “Think BIG”

A £2million fund has been created by Newark & Sherwood District Council, to encourage business growth within the district and create new jobs.

The loan fund is part of a wider plan to stimulate economic growth in all business sectors. In particular those where there is existing strength and future potential, including engineering, information & communications technologies, logistics, food processing, and low carbon technologies.

So if your company has been struggling to raise working capital from the banks to finance growth of the business, “Think BIG” (Business Investment for Growth) might be able to help.

Think BIG provides loans to existing businesses that don’t meet the banks’ lending criteria but are able to demonstrate that they have a viable proposition for growth.

Who can apply?

Think BIG is available to existing small and medium-sized businesses in Newark & Sherwood who have the ambition and potential to grow. As a guideline, the project is not expecting to be able to provide loans to businesses with turnover of less than £150,000 or with fewer than 5 employees, and loans are likely to range from £25,000 to £150,000.

If you would like more information on this finance opportunity simply click on the link below:-

https://www.newark-sherwooddc.gov.uk/investnewarksherwood/support/financialsupport/