Chris Loder MP is encouraging smaller businesses in his West Dorset constituency to utilise a range of commercial finance options available under the newly-launched South West Investment Fund. The Fund will deliver £200 million through investment strategies to meet the needs of businesses in the South West region, and is managed by the British Business Bank. Mr Loder said:
“This new Fund will offer a range of loans, particularly for smaller businesses. Loans are available from £25,000 to £2 million, and equity investment of up to £5 million. The Fund is intended to increase the supply and diversity of early-stage finance, providing debt and equity funding to firms that might not otherwise receive investment and to help break down barriers in access to finance.”
“Here in West Dorset, 97% of our businesses are small and medium sized, and during the Covid pandemic, a staggering 18% of our businesses closed. I encourage any interested businesses to make full use of this Fund; I would be more than happy to help, so please do contact me if you need assistance.”
