Finance available for business growth, says champion

Businesses across the Marches have been challenged to kickstart a new era of growth across the region by taking advantage of the huge range of finance now available.

Paul Kalinauckas (pictured), says there is a wider range of funding and finance options on offer to businesses looking to grow than ever before. He said these opportunities could help transform any business which was serious about expanding. He was speaking as the Marches LEP and the Marches Growth Hub – its business support service – launched a new access to finance campaign aimed at helping businesses tap in to some of the funding on offer. It will culminate with a special event being organised by the LEP, growth hub and Midlands Engine Investment Fund later in the year bringing together some of the region’s leading finance experts.

“The finance landscape has changed enormously in recent years and there is a wealth of options for businesses which want to invest in their growth, with millions of pounds of funding available,” said Paul. Opportunities included grants through programmes funded by the European Regional Development Fund, the LEP’s own Marches Investment Fund, small business loans, debt finance, proof of concept and equity finance from the Midlands Engine Investment Fund (MEIF) as well as a range of options through commercial and not-for-profit lenders.

“If you are serious about growth then you will almost certainly need finance to support it  – and the Marches Growth Hub is the perfect place to start your search. The hub was established to be the gateway to every fund available in the region and be here to help all businesses. It can offer truly impartial, expert advice, signpost you to the right options and help with all the business support needed to turn your ambitions into reality.”

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