Asset Purchase Scheme
Close Brothers Asset Finance (CBAF) has been granted an award from the Government’s Regional Growth Fund (RGF), a £3.2 billion Fund operating across England from 2011 to 2016. CBAF will receive £40 million from the fund in addition to the £15 million previously received which has supported SME investment in selected areas. To qualify for RGF support an SME must commit to either recruiting new employees or safeguarding jobs. CBAF has created the “Close Brothers RGF Asset Purchase Scheme” which enables qualifying businesses to receive a grant towards a deposit on new investment, of up to 20% of the value of the investment dependent on the size of the business and number of jobs being created/safeguarded.