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Growing Places (Staffordshire)

Businesses may qualify for an interest-free loan if they are planning a scheme worth £100,000 or more, which can be match-funded at 50% (i.e. the minimum loan is £50,000, minimum contribution from the beneficiary £50,000).  The loan must be repaid after two years of the issue of the loan. The beneficiary will not be charged any interest on the loan and no repayments will be requested until after the two year term has passed, at which point repayment must be made in full.

The scheme is designed to help to speed up businesses' expansion plans and support job creation.

The Growing Places fund is currently fully committed.  As a revolving fund, once the loans are re-paid they become reallocated, so please do check back regularly for details of the next call for bids.

While there is no active open round at the moment, enquiries can still be sent to Sarah Simpson (Manager) on 01785 277706 sarah.simpson@staffordshire.gov.uk