SMALL cutting-edge East Lancashire businesses seeking cash to grow can benefit from grants from a new ‘Rosebud’ fund.
It offers funding packages of between £10,000 and £49,000 for firms seeking to create jobs in high-growth sectors.
Lancashire County Council's Rosebud Micro initiative also includes support and advice that's tailored to the needs of each business.
Rosebud Micro is accessed through Access2Finance on behalf of Lancashire County Developments Ltd, the county council's economic development department.
The scheme is aimed at growing business in key high-growth sectors: creative and digital; finance and professional; energy and environment; aerospace and advanced manufacturing.
County councillor Niki Penney, chair of LCDL, said: “The funding landscape has changed in recent years. It’s no longer the case that banks will lend on their own – they want businesses to source other funding, which could include Rosebud Micro. This helps banks to share their risk.
“We're looking for ambitious growing businesses.”
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