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£3m loans pot launched for businesses
8:50am Saturday 12th October 2013 in Local
COMPANIES are being urged to tap into a £3 million kitty to help them grow and prosper - thanks to Europe.
A new business loan fund has been launched in the county, offering traders the chance to grab between £5,000 and £50,000.
The money has come from the European Regional Development Fund, and aims to help firms through the relatively flat economic waters.
It is being offered by a finance body called Impetus, in conjunction with Worcestershire County Council and is specifically for companies turned away by banks or other financial institutions
George Mackison, from Impetus, said: “Our experience of working with businesses in Worcestershire demonstrates that they are finding it difficult when it comes to access to finance - this fund will help to address that problem.
“It is an exciting time and we are looking forward to providing businesses with the funding they need, which in turn safeguards jobs and provides people with new job opportunities."
County councillor Simon Geraghty, deputy leader and the cabinet member for economic prosperity, skills and infrastructure, welcomed the funds.
He said: “We are delighted to be able to offer this help which is very much in line with our focus of supporting local businesses and creating new job opportunities, keeping Worcestershire open for business.”
For more information, visit business-central.co.uk or call 03001231440.
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