10 August 2015 11:00
£1m funding boost for businesses seeking to expand in Sedgemoor
Alongside the adoption of the Economic Strategy, Sedgemoor announced its intention to launch a new Business Accelerator Loan Fund for the District.
Aimed at supporting Sedgemoor businesses seeking to grow, the fund will provide loans of between £50,000 and £350,000 to individual companies seeking to build new property within the district. Loans will be provided at competitive rates to assist firms to more easily finance new construction, and with flexible terms to allow for easier repayment and to encourage further investment.
Through the loan scheme, the Council is seeking to encourage businesses to build and invest in the local area, creating both new jobs for local residents as well as accelerating Sedgemoor’s recent economic performance.
Details of the fund can be found at http://www.sedgemoor.gov.uk/index.aspx?articleid=10449