If you are a local Eden business looking to expand and develop but you have struggled to get backing from mainstream lenders, then the Eden Business Support Fund could provide you with an alternative.
Eden District Council have partnered with Enterprise Answers, a Community Development Finance Institution, each contributing £250,000 to create a £500,000 pot of money which local businesses can apply to support their growth and development plans.
Businesses applying for a loan would be expected to demonstrate through a business plan how they intend to grow, develop and upskill their workforce and illustrate the remuneration proposals upon completion of individual training.
For more information please contact Enterprise Answers on 01768 867 118 or visit www.enterpriseanswers.co.uk
See an interview with Enterprise Answers and find out about some of the businesses they have supported in In-Cumbria Magazine on pages 46 and 47.