Regional Growth Funds

Regional Growth Loan Schemes, supported by the Department for Business, Energy and Industrial Strategy, are designed to help eligible businesses that can show strong growth potential and have a medium to long-term funding requirement to deliver that growth.

Schemes vary in their terms and amounts available, but typically range from £25,000 to £2m, and can include equity as well as debt.

Eligibility criteria vary too, but tend to centre around being an established business with existing sales and customers (minimum trading for 12 months and £100,000 turnover per annum); having a clear business strategy; and needing finance to invest in scaling-up activities.

Funds can be used for a wide variety of purposes including entering new markets, exporting abroad, hiring new staff and new product development.

Talk to us about an introduction to FSE Group, which administers a number of funds throughout the UK.