This fund aims to support the development and growth of creative and cultural businesses across the North, that deliver social impact.
Businesses must be incorporated and operate within one of the 11 most Northern Local Enterprise Partnership areas; Cheshire and Warrington, Cumbria, Greater Manchester, Humber, Lancashire, Leeds City Region, Liverpool City Region, Sheffield City Region, Tees Valley and York, North Yorkshire and East Riding.
Client Offer:
- Investments up to £150k
- Loans can only be used flexibly for capital or working capital
- Working capital loans are repayable up to 5 years, interest will be usually charged at flat
6.5% (but may be raised for very short-term loans) with a 2% arrangement fee - Capital loans are repayable up to 10 years (with some flexibility to go up to 15 years),
interest will usually be charged at 4.5% flat with a 2% arrangement fee