What is the project?
Established in response to the current economic downturn, the Transitional Loan Fund programme enables businesses to obtain finance in the absence of conventional commercial sources.
Transitional Loan funding of £50,000 to £250,000 is available to established and viable small and medium-sized enterprises facing a temporary shortfall in their working capital due to the unprecedented combination of credit crunch and global economic downturn.
Funding is available to companies with a viable business plan who demonstrate an ability to service the borrowing required.
What is its purpose?
To support viable small and medium-sized enterprises through the current economic downturn.
How much funding has it received from ERDF?
£6,500,000.
How much funding has it received from other funding partners?
£6,500,000 from all project partners.
Who applied for this project?
Various
Who can I contact to find out more?
David Read.
How can I contact them?
david.read@nwda.co.uk.