Creative England are supporting established digital creative companies to finance business growth through the provision of interest-free loans (arrangement fee charged).
Creative England Business Loans will help fuel the growth of the fastest growing sector in the UK economy, financing business expansion and new products which will lead to the creation of new, high-quality jobs.
The loan must be matched 50:50 with other finance, sourced by the company.
The loans are offered to established companies to enable them to realise their growth potential. Examples of is meant by ‘digital’; digital media and web (e.g. creative software development, digital media, web design, digital content), games (e.g. gaming and app development), e-commerce and software solutions.
The primary objective of the RGF is the creation and safeguarding of jobs and evidence of your capacity to grow as a company will be crucial to the success of your application.
Secured loans of between £50,000 and £200,000
The loan is interest free (an arrangement fee of 5% applies) and will be repaid over 3 years, full details available on the website.
The Loan Fund is financed by the government’s Regional Growth Fund which supports eligible projects and programmes that are raising private sector investment to create economic growth and lasting employment in the English regions. This Loan Fund is managed and delivered by Creative England.
Please see http://www.creativeengland.co.uk/tech-and-digital/investments for further information, apply via the website.
0844 824 6042