The Swindon & Wiltshire Local Enterprise Partnership is launching the next round of the Growing Places Infrastructure Fund Loan Programme. SWLEP is inviting applications to the fund to support capital investment by local businesses.
Businesses can make applications for loans of between £150,000 and £1m in support of capital projects that help stimulate innovation, enterprise, growth or productivity gains in the Swindon and Wiltshire area.
The fund is a ‘revolving loan fund’ which offers negotiable terms for repayment and a two stage application process. Stage one comprises an online application form which will be assessed before consideration by the SWLEP Board; this is expected to take 3 weeks from the closing date for applications.
Stage two focuses on developing more detailed business information on issues such as project costs and procurement.
The deadline for applications is 5pm on 7th May 2019 and projects are expected to be initiated this year with the loan repaid by December 2023. Further details can be found in our new GPIF Prospectus website.
For further details about the programme please email Phil Clement, Head of Investment & Export Phil.Clement@swlep.co.uk.