£4m available in LEP fund to support development projects
Private developers, housing companies and companies that have expansion plans are being encouraged to take advantage of £4m of funding that will help bring forward development projects across the Marches to create much needed homes and jobs.
The funds, announced by The Marches Local Enterprise Partnership (LEP), are part of its Marches Investment Fund which was initially launched in July of this year and is open for applications until February 19 2016.
The Marches Investment Fund Manager, Caroline Cattle, said: “We believe this funding is a very attractive offer and I’d welcome the opportunity to discuss the application process with any organisation that has a development project planned, or on hold, as this could really help fast track those plans.
Funding can be provided in the form of a loan, equity or joint venture and will be subject to interest charges and an arrangement fee, both of which are highly competitive vis-à-vis the open market rate.